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Reported magazine newsstand sales were used to predict audited sales for 10 magazines. For that data, SSR = 132,536.09 and SST = 140,592.17. Complete parts (a) through (c). a. Determine the coefficient of determination, r, and interpret its meaning. 2= 0.9427 (Round to four decimal places as needed.) Interpret the meaning of r. It means that 94.27 % of the variation in audited newsstand sales can be explained by the variation in reported newsstand sales. (Round to two decimal places as needed.) b. Determine the standard error of the estimate. Syx=11.2195 (Round to four decimal places as needed.)

Reported magazine newsstand sales were used to predict audited sales for 10 magazines. For that data, SSR = 132,536.09 and SST = 140,592.17. Complete parts (a) through (c). a. Determine the coefficient of determination, r, and interpret its meaning. 2= 0.9427 (Round to four decimal places as needed.) Interpret the meaning of r. It means that 94.27 % of the variation in audited newsstand sales can be explained by the variation in reported newsstand sales. (Round to two decimal places as needed.) b. Determine the standard error of the estimate. Syx=11.2195 (Round to four decimal places as needed.)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 13PPS
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Reported magazine newsstand sales were used to predict audited sales for 10 magazines. For that data, SSR = 132,536.09 and SST = 140,592.17. Complete parts (a) through (c). a. Determine the coefficient of determination, r, and interpret its meaning. = 0.9427 (Round to four decimal places as needed.) Interpret the meaning of r. It means that 94.27 % of the variation in audited newsstand sales can be explained by the variation in reported newsstand sales. (Round to two decimal places as needed.) b. Determine the standard error of the estimate. Syx = 11.2195 (Round to four decimal places as needed.)
Transcribed Image Text:Reported magazine newsstand sales were used to predict audited sales for 10 magazines. For that data, SSR = 132,536.09 and SST = 140,592.17. Complete parts (a) through (c). a. Determine the coefficient of determination, r, and interpret its meaning. = 0.9427 (Round to four decimal places as needed.) Interpret the meaning of r. It means that 94.27 % of the variation in audited newsstand sales can be explained by the variation in reported newsstand sales. (Round to two decimal places as needed.) b. Determine the standard error of the estimate. Syx = 11.2195 (Round to four decimal places as needed.)
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