Question: In Problem 12.5 on page 424, you used the summated rating to predict the cost of a restaurant meal (stored in Restaurants). For those data,

In Problem 12.5 on page 424, you used the summated rating to predict the cost of a restaurant meal (stored in Restaurants). For those data, SSR = 9,740.0629 and SST = 17,844.75.
a. Determine the coefficient of determination, r2, and interpret its meaning.
b. Determine the standard error of the estimate.
c. How useful do you think this regression model is for predicting the cost of a restaurant meal?

Step by Step Solution

3.41 Rating (160 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a r 2 05458 So 5458 of the variation in the cost ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

494-M-S-L-R (2846).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!