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Given the below output, interpret R-squared. Note: the response variable is Charges Coefficients: (Intercept) age bmi Estimate Std. Error t value Pr(>|t|) -5510.16 1814.88 -3.036 0.00244 ** 242.97 22.30 10.893 <2e-16 *** 53.62 5.994 2.64e-09 *** 893.36 -1.097 0.27291 897.84 0.94245 896.58 -1.742 0.08167.. 321.37 0.072 regionnorthwest -979.86 regionsoutheast 64.83 regionsouthwest -1562.19 Signif. codes: 0****' 0.001*** 0.01 0.05. 0.1 1 Residual standard error: 11380 on 1332 degrees of freedom Multiple R-squared: 0.1203, Adjusted R-squared: 0.117 F-statistic: 36.44 on 5 and 1332 DF, p-value: < 2.2e-16 a) 11.7% of the variation in Charges can be explained by the regression model b) 12.03% of the variation in Charges can be explained by the regression model c) 12.03% of the variation in Charges can be explained by the variation of the regression model d) 11.7% of the variation in Charges can be explained by the variation of the regression model

Given the below output, interpret R-squared. Note: the response variable is Charges Coefficients: (Intercept) age bmi Estimate Std. Error t value Pr(>|t|) -5510.16 1814.88 -3.036 0.00244 ** 242.97 22.30 10.893 <2e-16 *** 53.62 5.994 2.64e-09 *** 893.36 -1.097 0.27291 897.84 0.94245 896.58 -1.742 0.08167.. 321.37 0.072 regionnorthwest -979.86 regionsoutheast 64.83 regionsouthwest -1562.19 Signif. codes: 0****' 0.001*** 0.01 0.05. 0.1 1 Residual standard error: 11380 on 1332 degrees of freedom Multiple R-squared: 0.1203, Adjusted R-squared: 0.117 F-statistic: 36.44 on 5 and 1332 DF, p-value: < 2.2e-16 a) 11.7% of the variation in Charges can be explained by the regression model b) 12.03% of the variation in Charges can be explained by the regression model c) 12.03% of the variation in Charges can be explained by the variation of the regression model d) 11.7% of the variation in Charges can be explained by the variation of the regression model

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter5: A Survey Of Other Common Functions
Section5.3: Modeling Data With Power Functions
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Given the below output, interpret R-squared. Note: the response variable is Charges Coefficients: (Intercept) age bmi regionnorthwest -979.86 regionsoutheast 64.83 regionsouthwest -1562.19 Estimate Std. Error t value Pr(>|t|) -5510.16 1814.88 -3.036 0.00244 ** 22.30 10.893 < 2e-16 *** 53.62 5.994 2.64e-09 *** 893.36 -1.097 0.27291 897.84 0.072 0.94245 896.58 -1.742 0.08167 . 242.97 321.37 signif. codes: 0 ***' 0.001 **' 0.01 ** 0.05 .' 0.1'1 Residual standard error: 11380 on 1332 degrees of freedom Multiple R-squared: 0.1203, F-statistic: 36.44 on 5 and 1332 DF, p-value: < 2.2e-16 Adjusted R-squared: 0.117 O a) 11.7% of the variation in Charges can be explained by the regression model b) 12.03% of the variation in Charges can be explained by the regression model c) 12.03% of the variation in Charges can be explained by the variation of the regression model d) 11.7% of the variation in Charges can be explained by the variation of the regression model
Transcribed Image Text:Given the below output, interpret R-squared. Note: the response variable is Charges Coefficients: (Intercept) age bmi regionnorthwest -979.86 regionsoutheast 64.83 regionsouthwest -1562.19 Estimate Std. Error t value Pr(>|t|) -5510.16 1814.88 -3.036 0.00244 ** 22.30 10.893 < 2e-16 *** 53.62 5.994 2.64e-09 *** 893.36 -1.097 0.27291 897.84 0.072 0.94245 896.58 -1.742 0.08167 . 242.97 321.37 signif. codes: 0 ***' 0.001 **' 0.01 ** 0.05 .' 0.1'1 Residual standard error: 11380 on 1332 degrees of freedom Multiple R-squared: 0.1203, F-statistic: 36.44 on 5 and 1332 DF, p-value: < 2.2e-16 Adjusted R-squared: 0.117 O a) 11.7% of the variation in Charges can be explained by the regression model b) 12.03% of the variation in Charges can be explained by the regression model c) 12.03% of the variation in Charges can be explained by the variation of the regression model d) 11.7% of the variation in Charges can be explained by the variation of the regression model
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