The following is the simple regression results based on the data from Madrigal Corporation: Dependent variable – Machine maintenance costs Independent variable – Machine hours Computed values Intercept P 3,500 Coefficient on independent variable P 3.50 Coefficient of correlation 0.856 R2 0.733 What percentage of the variation in maintenance costs i
The following is the simple regression results based on the data from Madrigal Corporation: Dependent variable – Machine maintenance costs Independent variable – Machine hours Computed values Intercept P 3,500 Coefficient on independent variable P 3.50 Coefficient of correlation 0.856 R2 0.733 What percentage of the variation in maintenance costs i
Chapter4: Linear Functions
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The following is the simple regression results based on the data from Madrigal Corporation:
Dependent variable – Machine maintenance costs
Independent variable – Machine hours
Computed values
Intercept P 3,500
Coefficient on independent variable P 3.50
Coefficient of correlation 0.856
R2 0.733
What percentage of the variation in maintenance costs is explained by the independent variable?
(use two decimal places, e.g. 82.20%, 55.31% or 0.82, 0.55, these will be counted as correct answers)
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