Determining the goodness of fit of an equation


You are estimating the cost of optical sensors based upon the power output of the sensor. You decide to compute the coefficient of determination (R2)as part of determining the goodness of fit of an equation. Using the preliminary calculations below, calculate the R2 and determine its meaning. Choose the best answer: 4.67% of the variation in the power is being explained by the cost. 4.67% of the variation in the cost is being explained by the power. 95.33% of the variation in the power is being explained by the cost. 95.33% of the variation in the cost is being explained by the power.

Request for Solution File

Ask an Expert for Answer!!
Mathematics: Determining the goodness of fit of an equation
Reference No:- TGS0873639

Expected delivery within 24 Hours