Ten observations were provided for a dependent variable y and two independent variables x₁ and x₂; for these data, SST 15,181.9 and SSR = 14,069.3. (a) Compute R². (Round your answer to three decimal places.) R² = (b) Compute R2. (Round your answer to three decimal places.) R₂² = (c) Does the estimated regression equation explain a large amount of the variability in the data? Explain. (For purposes of this exercise, consider an amount large if it is at least 55%. Round your answer to one decimal place.) ---Select--, after adjusting for the number of independent variables in the model, we see that % of the variability in y has been accounted for.
Ten observations were provided for a dependent variable y and two independent variables x₁ and x₂; for these data, SST 15,181.9 and SSR = 14,069.3. (a) Compute R². (Round your answer to three decimal places.) R² = (b) Compute R2. (Round your answer to three decimal places.) R₂² = (c) Does the estimated regression equation explain a large amount of the variability in the data? Explain. (For purposes of this exercise, consider an amount large if it is at least 55%. Round your answer to one decimal place.) ---Select--, after adjusting for the number of independent variables in the model, we see that % of the variability in y has been accounted for.
Chapter4: Linear Functions
Section: Chapter Questions
Problem 41RE: For the following exercises, consider the data in Table 5, which shows the percent of unemployed in...
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