In Regression,R Squared Is Known as The

question 5

Multiple Choice

In regression,R squared is known as the:

• A)coefficient of determination.
• B)the correlation coefficient.
• C)slope of the line.
• D)the value for Z.
• E)y-intercept.

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Definitions:

Marginal Benefit

The increase in satisfaction or utility that a person receives from consuming an additional unit of a good or service.

Optimal Amount

The ideal quantity of a good or resource that maximizes efficiency or value.

R&D

Stands for Research and Development, a business or government activity that involves the investment of resources in developing new products, services, or processes.

Total Utility

The total satisfaction or benefit obtained from consuming a particular quantity of goods or services.