The Following Results Were Obtained from a Simple Regression Analysis

question 69

Multiple Choice

The following results were obtained from a simple regression analysis: = 37.2895 - (1.2024) X r²= .6744 s_b = .2934
____________ is the proportion of the variation explained by the simple linear regression model.

• A)-1.2024
• B).6774
• C)37.2895
• D).2934

Appreciate the role of assumptions in economic modeling and the scientific method in economics.

Understand that personal and societal costs and benefits guide human decisions in predictable ways.

Understand the concept of rational decision-making in economics.

Comprehend how changes in personal benefits and costs influence behavior.

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