The following estimated regression equation based on 30 observations was presented. ŷ = 17.6 + 3.8x1 − 2.3x2 + 7.6x3 + 2.7x4 The values of SST and SSR are 1,807 and 1,757, respectively. (a) Compute R2. (Round your answer to three decimal places.) R2 =  (b) Compute  Ra2.  (Round your answer to three decimal places.) Ra2 =  (c) Comment on the goodness of fit. (For purposes of this exercise, consider a proportion large if it is at least 0.55.)

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The following estimated regression equation based on 30 observations was presented.
ŷ = 17.6 + 3.8x1 − 2.3x2 + 7.6x3 + 2.7x4
The values of SST and SSR are 1,807 and 1,757, respectively.
(a)
Compute R2. (Round your answer to three decimal places.)
R2 = 
(b)
Compute 
Ra2.
 (Round your answer to three decimal places.)
Ra2 = 
(c)
Comment on the goodness of fit. (For purposes of this exercise, consider a proportion large if it is at least 0.55.)
The estimated regression equation did not provide a good fit as a large proportion of the variability in y has been explained by the estimated regression equation.
The estimated regression equation provided a good fit as a large proportion of the variability in y has been explained by the estimated regression equation.   
 The estimated regression equation provided a good fit as a small proportion of the variability in y has been explained by the estimated regression equation.
The estimated regression equation did not provide a good fit as a small proportion of the variability in y has been explained by the estimated regression equation.
The following estimated regression equation based on 30 observations was presented.
ý = 17.6 + 3.8x, - 2.3x, + 7.6x3 + 2.7x4
The values of SST and SSR are 1,807 and 1,757, respectively.
(a) Compute R?. (Round your answer to three decimal places.)
R2
(b) Compute R 2. (Round your answer to three decimal places.)
R_2
(c) Comment on the goodness of fit. (For purposes of this exercise, consider a proportion large if it is at least 0.55.)
O The estimated regression equation did not provide a good fit as a large proportion of the variability in y has been explained by the estimated regression equation.
O The estimated regression equation provided a good fit as a large proportion of the variability in y has been explained by the estimated regression equation.
O The estimated regression equation provided a good fit as a small proportion of the variability in y has been explained by the estimated regression equation.
O The estimated regression equation did not provide a good fit as a small proportion of the variability in y has been explained by the estimated regression equation.
Transcribed Image Text:The following estimated regression equation based on 30 observations was presented. ý = 17.6 + 3.8x, - 2.3x, + 7.6x3 + 2.7x4 The values of SST and SSR are 1,807 and 1,757, respectively. (a) Compute R?. (Round your answer to three decimal places.) R2 (b) Compute R 2. (Round your answer to three decimal places.) R_2 (c) Comment on the goodness of fit. (For purposes of this exercise, consider a proportion large if it is at least 0.55.) O The estimated regression equation did not provide a good fit as a large proportion of the variability in y has been explained by the estimated regression equation. O The estimated regression equation provided a good fit as a large proportion of the variability in y has been explained by the estimated regression equation. O The estimated regression equation provided a good fit as a small proportion of the variability in y has been explained by the estimated regression equation. O The estimated regression equation did not provide a good fit as a small proportion of the variability in y has been explained by the estimated regression equation.
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