An R² of 0

question 3

True/False

An R² of 0.70 mean 30% of the variability in the dependent variable was explained by the independent variable.

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Definitions:

Missing Value

A data point that is lacking or not available in a set of information or dataset.

Calculate

To determine the amount or number of something mathematically.

Simple Interest Rate

A method of calculating interest where the rate is applied only to the principal amount, without compounding.

Invested

Assets or capital put into an endeavor or investment with the expectation of generating a profit.