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Use the information below to answer the following question(s). Cape May Realty manages rental beach ...

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Use the information below to answer the following question(s). Cape May Realty manages rental beach ...

Use the information below to answer the following question(s).

Cape May Realty manages rental beach properties during the summer season for property owners. They would like to determine if a relationship exists between the square footage of beach property and the weekly rental rates during the summer season. Simple regression analysis was performed using a random sample of beach properties with the results shown below.

The percentage of the variation in weekly rental that is explained by the square footage of the property is ________.

▸ 15.99

▸ 22.45

▸ 47.38

▸ 52.58

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Business Statistics

Edition: 2^nd

Author: Donnelly

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ninsta2700 Author

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Brilliant ツ

Lourd Jenkins

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Good timing, thanks!

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Just got PERFECT on my quiz

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