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A Multiple Regression Equation Has R2 = 0

question 32

Essay

A multiple regression equation has R2 = 0.25 and SSY = 90 for a sample of n = 30 people.
a. Test the significance of the regression equation using α = .01.
b. Compute the standard error of estimate for the equation.


Definitions:

Net Income

The total revenue minus expenses, taxes, and costs, representing the profit of a business over a period of time.

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