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Based on the correlations below:
Y
X1 0.8
X2 0.7
we could say that x1 accounts for 64 percent of the variation in y and x2 accounts for 49 percent of the variation in y.So if both x's are included in a multiple regression model,then the resulting R-square = 1.13.
Limited In Supply
A condition where the availability of a product or resource is restricted in quantity, often leading to increased prices or allocation challenges.
Unit Of Account
A standard numerical monetary unit of measurement that provides a consistent way of valuing goods, services, assets, or liabilities within an economy.
Intrinsic Worth
Intrinsic Worth is the inherent value of something, recognized independently of its value to others or practical utility.
Federal Prisons
Government-run facilities responsible for incarcerating individuals convicted of federal crimes.
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