True or False: a Regression Had the Following Results: SST

question 11

True/False

True or 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.

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Definitions:

Journalize

The process of recording business transactions in the journal as part of the accounting cycle.

Transactions

Financial events that result in changes to the financial position of a company, such as sales, purchases, and payments.

Equipment

Long-term assets that are used in the production of goods and services; these are tangible in nature.

Accounts Receivable

Obligations of customers to pay a company for goods or services that have been dispensed but remain unpaid.