A Regression Had the Following Results: SST = 82

question 74

True/False

A regression had the following results: SST = 82.55,SSE = 29.85.It can be said that 73.4% of the variation in the dependent variable is explained by the independent variables in the regression.

---

Definitions:

Spending Variance

The difference between the budgeted amount of expenditure and the actual amount spent.

Facility Expenses

Costs associated with maintaining and operating a physical location or building, such as rent, utilities, and maintenance.

Spending Variance

The difference between the actual amount spent and the budgeted amount for a specific period or category.

Travel Expenses

Costs associated with traveling for the purpose of conducting business-related activities, including transportation, lodging, and meals.