Question
Interpret the coefficient of correlation using the table below? SUMMARY OUTPUT Regression Statistics Multiple R 0.9818 R Square 0.9639 Adjusted R Square 0.9552 Standard Error
Interpret the coefficient of correlation using the table below?
SUMMARY OUTPUT
Regression Statistics
Multiple R 0.9818
R Square 0.9639
Adjusted R Square 0.9552
Standard Error 3.7981
Observations 6
Coefficients
Intercept 13.1174
X Variable 1 0.5688
Options
98.18% of the change in the y variableis explained by our x variable
96.39% of the change in the y variable is explained by this x variable
the correlation is strong and negative
the correlation is strong and positive in direction
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz
5th edition
134128524, 978-0134128528
