Cost Accounting Question:
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How coefficient of determination is symbolized?

Cost Accounting Interview Question
Cost Accounting Interview Question

Answer:

The coefficient of determination is symbolized by r-squared, where r is the coefficient of correlation. Hence, a coefficient of determination of 0.64 or 64% means that the coefficient of correlation was 0.8 or 80%. (The range for the coefficient of correlation is -1 to +1, and therefore the range for the coefficient of determination is 0 to +1.)

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Define coefficient of determination?Describe the coefficient of correlation?