Business, 17.03.2020 23:33 lisacarter0804

Look at the following regression output.

Y = Dealer List Price and X = Dealer Invoice Price

Regression Statistics

Multiple R 0.90482

R Square 0.81871

Adjusted R Square 0.773392

Standard Error 0.618233

Observations 6

Coefficient Standard Error t stat P-value

Intercept -3.8844 4.16062 -0.9336 0.4036

Invoice Prices 1.41776 0.33357 4.2502 0.0136

How much of the variability in Dealer List Prices is explained by Dealer Invoice prices?

a.
82%

b.
1%

c.
40%

d.
90%

Answers: 3

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Look at the following regression output.

Y = Dealer List Price and X = Dealer Invoice Pr...

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