What is the value of R2 statistics? What does this statistics tell? Customers (i
ID: 336857 • Letter: W
Question
What is the value of R2 statistics? What does this statistics tell?
Customers (in 1000s), X
Line Maintenance Expense (in $1000s), Y
X^2
Y^2
XY
25.3
484.6
640.09
234837.16
12260.38
36.4
672.3
1324.96
451987.29
24471.72
37.9
839.4
1436.41
704592.36
31813.26
45.9
694.9
2106.81
482886.01
31895.91
53.4
836.4
2851.56
699564.96
44663.76
66.8
681.9
4462.24
464987.61
45550.92
78.4
1037
6146.56
1075369
81300.8
82.6
1095.6
6822.76
1200339.36
90496.56
93.8
1563.1
8798.44
2443281.61
146618.78
97.5
1377.9
9506.25
1898608.41
134345.25
105.7
1711.7
11172.49
2929916.89
180926.69
124.3
2138.6
15450.49
4573609.96
265827.98
Total
848
13133.4
70719.06
17159980.62
1090172.01
Customers (in 1000s), X
Line Maintenance Expense (in $1000s), Y
X^2
Y^2
XY
25.3
484.6
640.09
234837.16
12260.38
36.4
672.3
1324.96
451987.29
24471.72
37.9
839.4
1436.41
704592.36
31813.26
45.9
694.9
2106.81
482886.01
31895.91
53.4
836.4
2851.56
699564.96
44663.76
66.8
681.9
4462.24
464987.61
45550.92
78.4
1037
6146.56
1075369
81300.8
82.6
1095.6
6822.76
1200339.36
90496.56
93.8
1563.1
8798.44
2443281.61
146618.78
97.5
1377.9
9506.25
1898608.41
134345.25
105.7
1711.7
11172.49
2929916.89
180926.69
124.3
2138.6
15450.49
4573609.96
265827.98
Total
848
13133.4
70719.06
17159980.62
1090172.01
Explanation / Answer
What is the value of R2 statistics? What does this statistics tell?
Customers (in 1000s), X
Line Maintenance Expense (in $1000s), Y
X^2
Y^2
XY
25.3
484.6
640.09
234837.16
12260.38
36.4
672.3
1324.96
451987.29
24471.72
37.9
839.4
1436.41
704592.36
31813.26
45.9
694.9
2106.81
482886.01
31895.91
53.4
836.4
2851.56
699564.96
44663.76
66.8
681.9
4462.24
464987.61
45550.92
78.4
1037
6146.56
1075369
81300.8
82.6
1095.6
6822.76
1200339.36
90496.56
93.8
1563.1
8798.44
2443281.61
146618.78
97.5
1377.9
9506.25
1898608.41
134345.25
105.7
1711.7
11172.49
2929916.89
180926.69
124.3
2138.6
15450.49
4573609.96
265827.98
Total
848
13133.4
70719.06
17159980.62
1090172.01
Customers (in 1000s), X
Line Maintenance Expense (in $1000s), Y
X^2
Y^2
XY
25.3
484.6
640.09
234837.16
12260.38
36.4
672.3
1324.96
451987.29
24471.72
37.9
839.4
1436.41
704592.36
31813.26
45.9
694.9
2106.81
482886.01
31895.91
53.4
836.4
2851.56
699564.96
44663.76
66.8
681.9
4462.24
464987.61
45550.92
78.4
1037
6146.56
1075369
81300.8
82.6
1095.6
6822.76
1200339.36
90496.56
93.8
1563.1
8798.44
2443281.61
146618.78
97.5
1377.9
9506.25
1898608.41
134345.25
105.7
1711.7
11172.49
2929916.89
180926.69
124.3
2138.6
15450.49
4573609.96
265827.98
Total
848
13133.4
70719.06
17159980.62
1090172.01
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