Referring to the regression in exercise 47. a) Interpret the meaning of R squared. b) Comment on

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Referring to the regression in exercise 47.

Variable Coefficient SE(Coeff) t-ratio P-value Intercept 1.303 0.3211 4.06 0.0001 LogAssets 0.578 0.0919 6.28


a) Interpret the meaning of R squared.

b) Comment on how this meaning is consistent with the significance of the linear regression.

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Business Statistics

ISBN: 9780133899122

3rd Canadian Edition

Authors: Norean D. Sharpe, Richard D. De Veaux, Paul F. Velleman, David Wright

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