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A Researcher Is Examining the Effects of Income (X1)and Number

question 31

Multiple Choice

A researcher is examining the effects of income (X1) and number of friends (X2) on personal happiness (Y) and finds an R2 of 0.45.Which of the following is a correct interpretation of this result?

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Definitions:

Canadian Dollar

The currency of Canada, symbolized as CAD, which is one of the world's major currencies traded.

US Dollar

The official currency of the United States of America, widely used as a global standard for financial transactions.

Appreciated

A term which indicates an increase in the value of an asset over time.

Chinese Yuan

The recognized monetary unit of the People's Republic of China, utilized within mainland China but excluded from its special administrative regions such as Hong Kong.

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