Question: Question Completion Status: QUESTION 8 Interpret the coefficient of correlation using the table below? SUMMARY OUTPUT Regression Statistics Multiple R 0.9921 R Square 0.9843 Adjusted

Question Completion Status: QUESTION 8 Interpret the coefficient of correlation using the table below? SUMMARY OUTPUT Regression Statistics Multiple R 0.9921 R Square 0.9843 Adjusted R Square 0.9710 Standard Error 0.1771 Observations 6 Coefficients Intercept 15.1526 X Variable 1 -1.5287 15.1526 is the correlation of variable x O the correlation is strong and negative in direction the correlation is strong and positive 98.43% of the change in the y variable is explained by this x variable
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
