Answer to Question #286378 in Microeconomics for mukti

Question

The following data are the monthly salaries y and the grade point averages x for students

who obtained a bachelor’s degree in business administration with a major in information

systems. The estimated regression equation for these data is ? 1790.5 ? 581.1x.

yˆ

yˆ

yˆ

a. Compute SST , SSR , and SSE .

b. Compute the coefficient of determination r 2 . Comment on the goodness of fit.

Answer 1

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