Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An investment analyst has assembled data on the profits made by matatu operators ( Y in ksh million ) on all routes in the city

An investment analyst has assembled data on the profits made by matatu operators (Y in ksh million) on all routes in the city of Nairobi vis-a-vie the number of trips (X) over 10 working days and obtained the following information;
X
5
6
8
9
11
12
7
10
11
9
XY
5,812
Y
648
137.24
389.6
Required:
Calculate the coefficient of determination (R2)
A.
R2=0.65
B.
R2=0.76
C.
R2=0.35
D.
R2=0.60

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions