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Below are the simple regression results based on Rabiya Corporation: Dependent variable: Machinery maintenance costs Independent variable: Number of machine setups Computed values include:
Below are the simple regression results based on Rabiya Corporation: Dependent variable: Machinery maintenance costs Independent variable: Number of machine setups Computed values include: Y-intercept: P2,460 Coefficient on the independent variable: 2.45 Coefficient of correlation: 0.95 Coefficient of determination: 0.9025 Based on the above information, what percentage of the variation in the machinery maintenance costs can be explained by the number of machine setups? * (1 Point) a. 95.00% O b. 90.25% c. 81.45% d. 98.00%
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