You conducted a regression analysis between Amount of Wealth in society (x) and
ID: 3265250 • Letter: Y
Question
You conducted a regression analysis between Amount of Wealth in society (x) and the Stock Market Value (y) and the study yielded the following results. The r = 0.5, the Y intercept when x = 0 is 42, the slope of the regression line is 3.
Using problem 1.4 you conducted further analysis and found out that the r = 0.80. What is the R-Squared and what does it say about the previous regression you conducted?
The R-squared is 1.6 and it means that I am 160% sure the regression is correct
The R-squared is 1.6 and it means that 160% of the variation in the stock market can be explained by the variation in the Wealth of Society
The R-squared is 0.64 and it means that the independent value explains 64% of the dependent value in the simple regression analysis
The R-squared is 1.6 and it means that 160% of the variation in the dependent value (y) can be explained by the variation in the independent value (x)
The R-squared is 0.64 and it means that the dependent value explains 64% of the independent value in the simple regression analysis
a.The R-squared is 1.6 and it means that I am 160% sure the regression is correct
b.The R-squared is 1.6 and it means that 160% of the variation in the stock market can be explained by the variation in the Wealth of Society
c.The R-squared is 0.64 and it means that the independent value explains 64% of the dependent value in the simple regression analysis
d.The R-squared is 1.6 and it means that 160% of the variation in the dependent value (y) can be explained by the variation in the independent value (x)
e.The R-squared is 0.64 and it means that the dependent value explains 64% of the independent value in the simple regression analysis
Explanation / Answer
here, the correct answer is option e
The R-squared is 0.64 and it means that the dependent value explains 64% of the independent value in the simple regression analysis
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