An R-Square of .80 Means That

question 18

Multiple Choice

An R-square of .80 means that

• A)a set of variables has a high correlation with the dependent variable
• B)the original bivariate correlation,when controlled for multiple variables,has a high correlation with the dependent variable
• C)the original bivariate correlation has an R-square of .20 (1.0 minus .80)
• D)a and b above

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Definitions:

Break-even

The moment when a business's total earnings match its total expenses, leading to neither profit nor loss.

Monthly Dollar Sales

The total revenue generated from sales within a specific month, expressed in dollar terms.

Break-even

The point at which total costs and total revenue are equal, resulting in neither profit nor loss.

Monthly Dollar Sales

The total value of sales achieved by a business within a month, expressed in dollars.