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:

Income

The amount of money or its equivalent received during a period of time in exchange for labor or services, from the sale of goods or property, or as a profit from financial investments.

Education

The process of receiving or giving systematic instruction, especially at a school or university.

Confidence

The degree to which one can be certain or believe in a finding, result, or proposition, often used in the context of statistical conclusions.

Random Sample

A sample drawn from a population where each member has an equal chance of being selected.