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A regression analysis of students' college grade point averages (GPAs) and their high school GPAs found R2 = 0.311. Which of these is true?
I. High school GPA accounts for 31.1% of college GPA.
II. 31.1% of college GPAs can be correctly predicted with this model.
III. 31.1% of the variance in college GPA can be accounted for by the model.
Equivalent Unit
A metric in cost accounting that quantifies the effort invested in partially finished units by equating it to the output of completely finished units.
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Inputs and supplies used in the production of goods or in the provision of services.
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A term used in manufacturing and production to describe a product that has finished all stages of the production process and is ready for sale.
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