Question: A linear regression model was built to predict customer sales.The r square of the model was .54.What does this mean (choose only the best answer)?

A linear regression model was built to predict customer sales.The r square of the model was .54.What does this mean (choose only the best answer)?

Select one:

a.The model is too complex.

b.54% of the variation in sales is explained by variables in the model.

c.The model is not statistically significant.

d.For every increase in the model variables, sales should increase by .54.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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

Students Have Also Explored These Related Mathematics Questions!

Q:

can someone solve this Modern workstations typically have memory systems that incorporate two or three levels of caching. Explain why they are designed like this. [4 marks] In order to investigate...

Q:

Microkernel operating systems aim to address perceived modularity and reliability issues in traditional "monolithic" operating systems. (i) Describe the typical architecture of a microkernel...

Q:

(i) Write down the linear program relaxation for the vertex cover problem and solve the linear program. [6 marks] (ii) Based on the solution of the linear program in (b)(i), derive an integer...

Q:

Describe, and estimate the costs of, procedures to (a) insert a new item into an existing heap; (b) delete the topmost item from a non-empty heap; (c) starting from an array holding N items in...

Q:

One important measure of workers' performance is their attendance record. A personnel manager at a large company with a serious absenteeism problem undertook a two-year study. She took a random...

Q:

Marketing Research Question: Please explain for each question how the answer can be found via excel. Due to the excel spread sheet being long I am not able to share the full sheet. Please do explain...

Q:

undefined You may need to use the appropriate technology to answer this question. In 2011, home prices and mortgage rates fell so far that in a number of cities the monthly cost of owning a home was...

Q:

PLEASE HELP!! can someone explain how to solve these with R script in R Studio. the data sets being used are called "house prices" and "credit". please just explain what i need to type into the...

Q:

than the averige athing teat \begin{tabular}{|l|r|r|} \hline City & Rent (\$) & Mortgage (3) \\ \hline City 1 & B45 & 524 \\ \hline City 2 & 1,057 & 1,007 \\ \hline Cty 3 & Fi8 & 621 \\ \hline Cty 4...

Q:

1 - Packages First, import all the packages that you will need for this assignment. Some of the packages are given below. - numpo is the fundamental package for working with matrices in Python. -...

Q:

Let f: R be defined by f(x)= [x], the greatest integer in x. Find f~l(B) for each of the following subsets B of R. (a) B = {0, 1} (b) B = {-1, 0, 1} (c) B = [0, 1) (d) B = [0, 2) (e) B = [-1, 2} (f)...

Q:

2) A confined aquifer with T = 7.0 X 10-3 m/s and S = 5.0 X 104 is pumped by two wells 35 m apart. One well is pumped at 7.6 L/s and the other at 15.2 L/s. Plot the drawdown as a function of position...

Q:

GAO performance audit standards do not include which of the following? Group of answer choices The auditor should be from a different government body than the entity being audited. The work should be...

Q:

Julian Birkinshaw, James Manktelow, Vittorio DAmato, Elena Tosca, and Francesca Macchi In recent years, one of the most profound transformations in the workplace has been the increase in age...