Using the computer output, what is the value of the coefficient of determination? O 0.46 O0.68 O 0.70

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 2AGP
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The owner of a used car dealership is trying to determine if there is a relationship between the price of a used car and
the number of miles it has been driven. The owner collects data for 25 cars of the same model with different mileage
and determines each car's price using a used car website. The analysis is given in the computer output.
Predicto
Coef
24157.2
-0.181
SE Coef t-ratio
Constant
2164.1
2.965
0.046
0.000
Mileage
0.024
5.377
S = 3860.7
R-Sq = 68.0%
R-Sq (Adj) = 69.5%
Using the computer output, what is the value of the coefficient of determination?
0.46
0.68
0.70
0.82
Transcribed Image Text:The owner of a used car dealership is trying to determine if there is a relationship between the price of a used car and the number of miles it has been driven. The owner collects data for 25 cars of the same model with different mileage and determines each car's price using a used car website. The analysis is given in the computer output. Predicto Coef 24157.2 -0.181 SE Coef t-ratio Constant 2164.1 2.965 0.046 0.000 Mileage 0.024 5.377 S = 3860.7 R-Sq = 68.0% R-Sq (Adj) = 69.5% Using the computer output, what is the value of the coefficient of determination? 0.46 0.68 0.70 0.82
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