The Following ANOVA Table Is from a Multiple Regression Analysis

question 59

Multiple Choice

The following ANOVA table is from a multiple regression analysis with n = 35 and four independent variables. The R² value is __________.

• A) 0.80
• B) 0.70
• C) 0.66
• D) 0.76
• E) 0.30

---

Definitions:

Firms

Businesses or companies that produce goods or provide services with the aim of making a profit.

Resources

Assets and inputs used to produce goods and services, such as time, labor, capital, and natural resources.

Factor Market

The marketplace for services of the factors of production (labor, land, capital) where these are bought and sold.

Circular-Flow Diagram

A visual representation emphasizing the economic interactions and monetary flow between households and firms within various markets.