Question: You have been asked to solve for the Coefficient of Determination (R2). The Sum of Squared Regression (SSR) is .010, and Sum of Squared Total

You have been asked to solve for the Coefficient of Determination (R2). The Sum of Squared Regression (SSR) is .010, and Sum of Squared Total (SST) is .05. What is the Coefficient of Determination (R2) and what does that mean?

O The R2 is 0.80, and 80% of the variation in cost can be explained by the independent variable. The R2 is 0.20, and 80% of the variation in cost can be explained by the independent variable. The R2 is 0.80, and 20% of the variation in cost can be explained by the independent variable. O The R2 is 0.20, and 20% of the variation in cost can be explained by the independent variable

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