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Biraj Biraj
wrote...
Posts: 481
4 years ago
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
Textbook 
Stats: Modeling the World

Stats: Modeling the World


Edition: 4th
Authors:
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1 Reply
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Answer verified by a subject expert
rinderbikrinderbik
wrote...
Posts: 391
4 years ago
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Biraj Author
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4 years ago
This site is awesome
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
wrote...

2 hours ago
Thanks for your help!!
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