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2 weeks ago
A researcher studied the relationship between family income and amount of money spent on an automobile. She calculated that R2 = 45%. Which is the correct interpretation?

▸ The probability of predicting the correct price of a car is 45%.

▸ 45% of the variability in car price can be explained by using income.

▸ 45% of the price of the car can be predicted by using income.

▸ The car price fluctuates 45% more than income.

▸ None of these
Textbook 

Stats: Modeling the World


Edition: 4th
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2 weeks ago
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45% of the variability in car price can be explained by using income.
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2 weeks ago
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2 weeks ago
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