Answer:
R² value implies that 60% of the variation in the dependent variable can be explained by the variation in the independent variable.
Step-by-step explanation:
The information provided is:
SSR = 30
SSE = 20
Compute the total sum of squares as follows:
SST = SSR + SSE
= 30 + 20
= 50
The coefficient of determination R² specifies the percentage of the variance in the dependent-variable (Y) that is forecasted or explained by linear regression and the forecaster variable (X, also recognized as the independent-variable).
The coefficient of determination R² can be computed as follows:
[tex]R^{2}=\frac{SSR}{SST}[/tex]
[tex]=\frac{30}{50}\\\\=0.60[/tex]
The coefficient of determination value is 0.60 or 60%.
This value implies that 60% of the variation in the dependent variable can be explained by the variation in the independent variable.