Based on the regression output, approximately what % of the variance is explained by the regression mode 75% O 20% O 84% O 92%

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
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Chapter3: Straight Lines And Linear Functions
Section3.4: Linear Regression
Problem 15SBE
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Part of an Excel output for a regression model is shown below.
Regression Statistics
Multiple R
0.8299
R Square
0.7511
Adjusted R Square
0.7015
Standard Error
65.3355
Observations
20
Based on the regression output, approximately what % of the variance is explained by the regression model?
75%
20%
84%
92%
Transcribed Image Text:Canvas Part of an Excel output for a regression model is shown below. Regression Statistics Multiple R 0.8299 R Square 0.7511 Adjusted R Square 0.7015 Standard Error 65.3355 Observations 20 Based on the regression output, approximately what % of the variance is explained by the regression model? 75% 20% 84% 92%
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