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A linear regression model indicates there is a high correlation between the unemployment rate and the...

A linear regression model indicates there is a high correlation between the unemployment rate and the sales of new homes in a specific area. If the correlation coefficient is -0.843, what is the coefficient of determination? a. 0.711 b. -0.843 c. None of the provided answers d. 0.918 e. 0.843

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Answer #1
correlation coefficient = R = - 0.843
Coeficient of determination = R^2
0.710649
0.7107
=0.711
Correct Option: a

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