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:

Freedom of Choice

The right of individuals to make decisions for themselves without undue government restriction.

Society's Wants

The collective desires and needs of a community or society that drive demand and economic activity.

Exchange and Trade

The act of giving one thing and receiving another between two parties, typically involving goods, services, or both.

Capitalist Economy

An economic system where private individuals rather than the state own and control businesses and the means of production.