Compute the coefficient of determination


A large department store has collected the following monthly data on lost sales revenue due to theft and the number of security guard hours on duty:

Lost Sales Revenue
in Thousands Total Guard Hours
1.0 600
1.4 630
1.9 1000
2.0 1200
1.8 950
2.1 1300
2.3 1350

Calculate the coefficient of determination.

coefficient of determination = 0.0014

coefficient of determination = 0.9121

coefficient of determination = 0.6734

coefficient of determination = 0.9955

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Basic Statistics: Compute the coefficient of determination
Reference No:- TGS098389

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