R² measures ________

question 58

Multiple Choice

r² measures ________.

• A)the proportion of variation in one variable that is explained by the other
• B)the proportion of error variation
• C)the proportion of variation in Y related to the variation of the categories of X
• D)the proportion of variation in Y due to the variation within each of the categories of X

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Definitions:

Income Tax Expense

Income tax expense is the amount of expense that a business recognizes in a given accounting period for the taxes associated with its taxable income.

Journal Entry

A record of a financial transaction in the accounting books of a business or organization.

DR (Debit)

DR, or Debit, represents the left side of a general ledger account and is used to record increases in assets or expenses and decreases in liabilities, equity, and income.

CR (Credit)

An accounting entry that decreases assets or increases liabilities and equity on a company's balance sheet, reflective of the double-entry bookkeeping system.