The Stewart Company used regression analysis to predict the annual cost of utilities. The results were as follows:
-The coefficient of determination is
A) 0.458329.
B) 22.
C) 7.16.
D) 0.9436.

Question

The Stewart Company used regression analysis to predict the annual cost of utilities. The results were as follows: 
-The coefficient of determination is
A) 0.458329. 
B) 22. 
C) 7.16. 
D) 0.9436.

Quizplus · Accepted Answer

The coefficient of determination, R-squared, is a measure of how well the regression model fits the data. It ranges from 0 to 1, with higher values indicating a better fit. The given value of R-squared is 0.9436, which is a very high value and indicates that the regression model is a good fit for the data. Therefore, the best choice is D.

The Stewart Company Used Regression Analysis to Predict the Annual