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Science-Related Homework Help Statistics and Probability Topic started by: Biraj on Aug 30, 2019



Title: A regression analysis of company profits and the amount of money the company spent on advertising ...
Post by: Biraj on Aug 30, 2019
A regression analysis of company profits and the amount of money the company spent on advertising found r2 = 0.72.  Which of these is true?
I.   The model can correctly predict the profit for 72% of companies.
II.  On average, about 72% of a company's profit results from advertising.
III. On average, companies spend about 72% of their profits on advertising.

▸ III only

▸ I only

▸ I and III

▸ II only

▸ none


Title: A regression analysis of company profits and the amount of money the company spent on advertising ...
Post by: rinderbik on Aug 30, 2019
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