STATISTICAL TECHNIQUES AND TOOLS
CORRELATION COEFFICIENT COEFFICIENT OF DETERMINATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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If the Coefficient of Determination is .94, what does that tell you about the data?
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94% of the variation can be explained by the relationship between x and y.
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6% of the variation can be explained by the relationship between x and y.
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Ans. 3 If the coefficient of determination is 0.95, this means that 95% of the y values are positive.
Detailed explanation-2: -In this case, a coefficient of correlation of-0.9 indicates a strong negative correlation, while a coefficient of determination of 0.81 indicates that 81% of the variation in one variable can be explained by the other variable.
Detailed explanation-3: -The coefficient of determination (R²) measures how well a statistical model predicts an outcome. The outcome is represented by the model’s dependent variable. The lowest possible value of R² is 0 and the highest possible value is 1.
There is 1 question to complete.