Question

Based on the regression output, what proportion of the variability in revenue can be accounted for by whether the Red Sox are playing away? Enter the value of the percentage with exactly ONE digit to the right of the decimal place. See the drop bar if you need more detail on how to round your answer.

Answer 1

The given regression output shows that the proportion in revenue variability that can be explained by Red Sox playing away is 22.5%.

Purpose of the R-squared value

• To explain the variability in the dependent variable as a result of the change in the independent variable.

The R-squared is therefore the relevant figure here as the dependent variable is revenue and the independent variable is the Red Sox playing away.

= 0.2252 x 100%

= 22.5%

In conclusion, this is 22.5%.

Find out more on regression at brainly.com/question/13345245.