Identify three statistics that can be used as a basis for testing the utility of a regression.

Short Answer

Expert verified

Slope, The sample correlation coefficient and The coefficient of determination

Step by step solution

01

Step 1:Given information

Testing the utility of a regression.

02

Step 2:Explaination

The three statistics are

1) The slope b1

2) The sample correlation coefficient r

3) The coefficient of determination r2

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