The money raised and spent (both in millions of dollars) by all congressional campaigns for 8 recent 2-year periods are shown in the table. The equation of the regression line is y = 0.940x+ 34.128. Find the coefficient of determination interpret the result. 785.8 784.5 1032.7 963.8 1211.5 Money raised, x Money spent, y 456.6 654.6 733.8 449.4 691.4 734.6 764.4 739.3 1018.6 930.3 1172.9 Find the coefficient of determination and interpret the result. 2=0.989 (Round to hree decimal places as needed.)

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The money raised and spent (both in millions of dollars) by all congressional campaigns for 8 recent 2-year periods are shown in the table. The equation of the regression line is y = 0.940x + 34. 128. Find the coefficient of determination and
interpret the result.
785.8
784.5
1032.7
963.8
1211.5
Money raised, x
Money spent, y
456.6
654.6
733.8
449.4
691.4
734.6
764.4
739.3
1018.6
930.3
1172.9
Find the coefficient of determination and interpret the result.
2 = 0.989
(Round to hree decimal places as needed.)
Transcribed Image Text:The money raised and spent (both in millions of dollars) by all congressional campaigns for 8 recent 2-year periods are shown in the table. The equation of the regression line is y = 0.940x + 34. 128. Find the coefficient of determination and interpret the result. 785.8 784.5 1032.7 963.8 1211.5 Money raised, x Money spent, y 456.6 654.6 733.8 449.4 691.4 734.6 764.4 739.3 1018.6 930.3 1172.9 Find the coefficient of determination and interpret the result. 2 = 0.989 (Round to hree decimal places as needed.)
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