Home / Expert Answers / Statistics and Probability / 4-17c-2-accountants-at-the-firm-walker-and-walker-believed-that-several-traveling-executives-submi-pa510

(Solved): 4-17c(2). Accountants at the firm Walker and Walker believed that several traveling executives submi ...



4-17c(2). Accountants at the firm Walker and Walker believed that several traveling executives submit unusually high travel vouchers when they return from business trips. The accountants sook a sample of 200 voochers submitted from the past year; they then developed the following multiple regression equation relating expected travel cost

(Y)

to number of days on the road

(x_(1))

and distance traveled

(x_(2))

in miles:

hat(\gamma )=590 548.5x_(1) 5.40x_(2)

The coefficient of correlation computed was 0.68 . c(2). What percentage of variability in the cost of the trip is NOT explained by this model?

.82 .46 .54 .23



We have an Answer from Expert

View Expert Answer

Expert Answer


We have an Answer from Expert

Buy This Answer $5

Place Order

We Provide Services Across The Globe