A manager at a local bank analyzed the relationship between monthly salary (y, in $) and length of service (x, measured in months) for 30 employees. She estimates the model: Salary = β₀ + β₁Service + ε. The following ANOVA table summarizes a portion of the regression results. The coefficient of determination indicates that ________. A) 22.06% of the variation in Salary is explained by the sample regression equation B) 22.06% of the variation in Service is explained by the sample regression equation C) 81.61% of the variation in Salary is explained by the sample regression equation D) 81.61% of the variation in Service is explained by the sample regression equation

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The Answer of A manager at a local bank analyzed the relationship between monthly salary (y, in $) and length of service (x, measured in months) for 30 employees. She estimates the model: Salary = β₀ + β₁Service + ε. The following ANOVA table summarizes a portion of the regression results. The coefficient of determination indicates that ________. A) 22.06% of the variation in Salary is explained by the sample regression equation B) 22.06% of the variation in Service is explained by the sample regression equation C) 81.61% of the variation in Salary is explained by the sample regression equation D) 81.61% of the variation in Service is explained by the sample regression equation

A Manager at a Local Bank Analyzed the Relationship Between