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A local tire dealer wants to predict the number of tires sold each month.He believes that the number of tires sold is a linear function of the amount of money invested in advertising.He randomly selects 6 months of data consisting of tire sales (in thousands of tires)and advertising expenditures (in thousands of dollars).Based on the data set with 6 observations,the simple linear regression model yielded the following results. Calculate the coefficient of determination.
Salvage Value
The predicted price that an asset will fetch when it is sold at the conclusion of its usable life.
Working Capital
The difference between a company's current assets and current liabilities, representing the liquidity available to run its operations.
Contribution Margin
The amount by which the sale of a product or service exceeds its variable costs, used to cover fixed costs and generate profit.
Incremental Annual Net Cash Inflows
The additional cash flow a company receives from undertaking a project, after accounting for direct costs and revenue changes.
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