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Consider the following table containing unemployment rates for a 10-year period. Unemployment Rates Year Unemployment Rate (%) 1 3.5 2 5.2 3 7.8 4 8.1 5 3.7 6 9.6 7 8.7 8 3.5 9 11.1 10 8.8 What is the...

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Question

Statistics

Consider the following table containing unemployment rates for a10-year period.

Unemployment Rates
YearUnemployment Rate (%)
13.5
25.2
37.8
48.1
53.7
69.6
78.7
83.5
911.1
108.8

What is the coefficient of determination for the regressionmodel? Round your answers to two decimal places.

Answer & Explanation Solved by verified expert
4.5 Ratings (913 Votes)
The coefficient of determination r2Nowrr X MyY Mx SSxSSyX Values 55Mean 55X    See Answer
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