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As part of a study at a large university, data were collected on freshmen computer science (CS) majors in a particular year. The researchers were interested in modeling , a student's grade point average (GPA) after three semesters, as a function of the following independent variables (recorded at the time the students enrolled in the university) :
average high school grade in mathematics (HSM)
average high school grade in science (HSS)
average high school grade in English (HSE)
SAT mathematics score (SATM)
SAT verbal score (SATV)
A first-order model was fit to data with .
What is the correct interpretation of , the coefficient of determination for the model?
Annual Rent
The total amount of money paid for the use of property or equipment for a year.
Adjusting Entries
Documentation made at the culmination of an accounting period, aiming to allocate revenues and expenses to the correct timeframe of their occurrence.
Fiscal Year
A one-year period used for financial reporting and budgeting, which may not align with the calendar year.
Net Income
Represents the total profit of a company after all expenses and taxes have been subtracted from total revenue.
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