What does a coefficient of determination of 0.91 indicate?
A)Ninety-one percent of the variables move together in the same direction and have a strong relationship.
B)The parameter is 91 percent significant.
C)The model is significant 91 percent of the time.
D)The independent variable explains 91 percent of the cost.

Question

Quizplus · Accepted Answer

The coefficient of determination, denoted as R^2, indicates the proportion of the variance in the dependent variable that is predictable from the independent variable(s). A value of 0.91 means that 91 percent of the variance in the dependent variable can be explained by the model.

What Does a Coefficient of Determination of 0