This Model Fits 96% of the Data Points Exactly

question 1

Multiple Choice

This model fits 96% of the data points exactly.

• A)This is not correct.This model fits 48% of the data points exactly.
• B)This is not correct.This model fits 100% of the data points exactly.
• C)This is not correct.R² gives the fraction of variability,not the fraction of data values.
• D)This is correct.
• E)This is not correct.R² is a measure of the straightness of the regression.

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Definitions:

Performance Report

A document or data set that reviews and evaluates the performance of a project, department, or organization against planned objectives.

Managerial Accounting Reports

Financial documents prepared for internal use by the management, providing insights into the business’s performance, costs, and operations.

GAAP

Generally Accepted Accounting Principles, a set of rules and guidelines provided by the Financial Accounting Standards Board (FASB) for accounting and reporting to ensure consistency and comparability among financial statements.

Historical Data

Information from the past used to analyze trends, forecast future events, or examine outcomes.