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Suppose that the value of R2 for an estimated regression model is exactly one. Which of the following are true?
(I) All of the data points must lie exactly on the line
(ii) All of the residuals must be zero
(iii) All of the variability of y about is mean have has been explained by the model
(I) The fitted line will be horizontal with respect to all of the explanatory variables
Contingent Liability
A potential financial obligation that may occur in the future, depending on the outcome of a specific event.
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Social Security Tax
A tax that funds the Social Security program, which provides benefits for retired workers, disabled individuals, and their dependents.
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