Conditions
r = 0.931
coefficient of determination = 0.867
regression line: y = 38535x - 35219
standard error of estimate: 196.1 pounds
Is there significant correlation between specific gravity of the potatoes and the pounds of chips?
Solution
The value of coefficient of correlation tells us about **very strong correlation** between specific gravity of the potatoes and the pounds of chips.
The models in which coefficient of determination is **more than 0.8 are recommended to use**.
The low value of standard error also tell us that this model is goodly determines the correlation between the explanatory and response variables.