In problem 12.10, you were asked to develop the equation of a regression model to predict the
Question:
In problem 12.10, you were asked to develop the equation of a regression model to predict the number of business bankruptcies by the number of firm births. For this regression model, solve for the coefficient of determination and comment on it.
In problem 12.10
Business Bankruptcies Firm Births
(1000) (10,000)
34.3 ..............58.1
35.0 ..............55.4
38.5 ..............57.0
40.1 ..............58.5
35.5 ..............57.4
37.9 ..............58.0
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Related Book For
Business Statistics for Contemporary Decision Making
ISBN: 978-0470910184
6th Edition
Authors: Ken Black
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