Math Problem Statement

For the plot below the value of r2 is 0.7783.

Which of the following sets of statements is true?

About 78% of the variation in ticket price can be explained by the distance flown.

The correlation coefficient, r, is 0.882.

About 78% of the variation in distance flown can be explained by the ticket price.

The correlation coefficient, r, is 0.606.

About 22% of the variation in ticket price can be explained by the distance flown.

The correlation coefficient, r, is 0.606.

About 88% of the variation in ticket price can be explained by the distance flown.

The correlation coefficient, r, is 0.882.

Solution

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Math Problem Analysis

Mathematical Concepts

Statistics
Linear Regression
Correlation
Coefficient of Determination (r^2)

Formulas

r = ±√r²
r² = Explained variation / Total variation

Theorems

Coefficient of Determination Theorem

Suitable Grade Level

Grades 10-12