Statistics - Coefficient of Determination
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Finding variations and the coefficient of determination
Use the data to find the (a) coefficient of determination and interpret the result, and (b) standard error of estimate Se and interpret the result.
Earnings of Men and women. The table shows median weekly earnings (in U.S. dollars) of full-time male and female workers for five years. The equation of the regression line is ŷ = 1.369x - 402.687.
Median weekly earnings
Of male workers, x 670 679 695 713 722
Median weekly earnings
Of female workers, y 512 529 552 573 585
(a) coefficient of determination and interpret the result
(b) standard error of estimate Se and interpret the result
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Solution Summary
The expert finds variation and the coefficient of determination. The standard error of estimation is computed and interpreted. A complete, neat and step-by-step solution is provided in the attached Excel file.
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