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Math Help - Stats - College level

  1. #1
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    Stats - College level

    I figured out how to calculate a. b. and c. however, I don't know how to interpret the coefficient of determination(the second part of c). Can anyone help? Thanks in advance.
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  2. #2
    Senior Member tukeywilliams's Avatar
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    Quote Originally Posted by LeftBrainer View Post
    I figured out how to calculate a. b. and c. however, I don't know how to interpret the coefficient of determination(the second part of c). Can anyone help? Thanks in advance.

     r^2 gives the variation of  Y explained by the linear regression model. So in 1c,  7 \% of the variation in the net worth is explained by the linear regression model. Similarly, in 2c,  57.76 \% of the variation in the salary is explained by the linear regression model.
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  3. #3
    Senior Member tukeywilliams's Avatar
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    are you supposed to be getting help on this quiz?
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  4. #4
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    Thanks, this is exactly what I needed to know: gives the variation of explained by the linear regression model. Something close to this was in my notes but I couldn't get my brain around it.
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