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A Sample of 33 Companies Was Randomly Selected and Data

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A sample of 33 companies was randomly selected and data collected on the average annual bonus, turnover rate (%) , and trust index (measured on a scale of 0 - 100) .Based on the output, how much of the variability in Turnover Rate is explained by the estimated multiple regression model?
A sample of 33 companies was randomly selected and data collected on the average annual bonus, turnover rate (%) , and trust index (measured on a scale of 0 - 100) .Based on the output, how much of the variability in Turnover Rate is explained by the estimated multiple regression model?   A) 78.3% B) 79.6% C) 12.1% D) 95.4% E) None of the above.

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Definitions:

Interest Rate

The proportion, typically expressed as a percentage, that is charged by lenders to borrowers for the use of their money.

Payoff

The return or potential gain from an investment or decision, which can be seen in financial, strategic, or personal contexts.

Revenues

The total incomes that a business receives from its normal business activities, usually from the sale of goods and services to customers.

Useful Life

The expected period of time during which an asset remains useful to the owner or is capable of generating revenue.

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