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Find the coefficient of determination, given that the value of the linear correlation coefficient, r, is 0.326.
International Trade
The exchange of goods, services, and capital between countries and territories.
Economically Advanced
Describes countries or regions with high levels of income, sophisticated infrastructure, and a diverse economy, often synonymous with developed countries.
Wage Rates
The standard amount of compensation an employee receives from an employer in exchange for labor, usually expressed per hour or year.
Labor Costs
Expenses associated with employing labor, including wages, salaries, benefits, and taxes.
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