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

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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