The values of y and x are inversely related, and 84.64% of the variation in y is explained by the regression equation. What is the coefficient of correlation?
Since 84.64% of the variation in y is explained by x .8464 is the coefficient of determination. The square root of the coefficient of determination, with the appropriate sign, is equal to the coefficient of correlation. Therefore, the coefficient of correlation is -.92 . We know this is negative because y and x are inversely related.
Business
You might also like to view...
Test marketing is the phrase commonly used to indicate an experiment, study or test that is conducted in a field setting
Indicate whether the statement is true or false
Business
Which of the following does not contribute to the difficulty in planning personnel utilization in retailing?
a. high employee turnover b. self-service merchandising c. inflexibility due to union issues d. large shifts in demand due to seasonality
Business