1) You are estimating the cost of optical sensors based on the power output of the sensor. You decide to calculate the coefficient of determination (R2) as part of determining the goodness of fit of an equation. Using the preliminary calculations below, calculate the R2 and determine its meaning. See formula here: http://tinypic.com/r/16m3ajl/6 95.33% of the variation in the power is being explained by the cost. 4.67% of the variation in the power is being explained by the cost. 4.67% of the variation in the cost is being explained by the power. 95.33% of the variation in the cost is being explained by the power. Solution 95.33% of the variation in the power is being explained by the cost..

1. 1) You are estimating the cost of optical sensors based on the power output of the sensor. You
decide to calculate the coefficient of determination (R2) as part of determining the goodness of
fit of an equation. Using the preliminary calculations below, calculate the R2 and determine its
meaning.
See formula here: http://tinypic.com/r/16m3ajl/6
95.33% of the variation in the power is being explained by the cost.
4.67% of the variation in the power is being explained by the cost.
4.67% of the variation in the cost is being explained by the power.
95.33% of the variation in the cost is being explained by the power.
Solution
95.33% of the variation in the power is being explained by the cost.