A Regression Analysis of Company Profits and the Amount of Money

question 44

Multiple Choice

A regression analysis of company profits and the amount of money the company spent on
Advertising found $r ^ { 2 } = 0.72$
0) 72 . Which of these is true?
I. This model can correctly predict the profit for 72% of companies.
II. On average, about 72% of a company's profit results from advertising.
III. On average, companies spend about 72% of their profits on advertising.

• A) I only
• B) none of these
• C) I and III
• D) II only
• E) III only

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