The coefficient of determination is important in explaining variances in estimating equations

ACCOUNTING

Multiple Choice

The coefficient of determination is important in explaining variances in estimating equations. For a certain estimating equation, the unexplained variation was given as 26,505. The total variation was given as 46,500. What is the coefficient of determination for the equation?

a. 0.34

b. 0.43

c. 0.57

d. 0.66

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