What Is R²

question 14

Multiple Choice

What is R²?

• A) The percentage of variance in the predictor accounted for by the outcome variable
• B) The proportion of variance in the outcome accounted for by the predictor variable or variables
• C) The proportion of variance in the predictor accounted for by the outcome variable
• D) The percentage of variance in the outcome accounted for by the predictor variable or variables

Recognize the legal exceptions that permit enforcement of promises even in the absence of consideration.

Understand the legal concept of promissory estoppel and its application.

Distinguish between bilateral and unilateral contracts and their respective consideration requirements.

Analyze the role of past consideration and forbearance in contract law.

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Definitions:

Degrees of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution, typically in the context of parameters estimated from sample data.

Pooled-Variance T Test

A statistical test that compares the means of two independent samples while assuming that they have the same variance.

Pooled Variance

The weighted average of variances from two or more groups, assuming that these groups have the same variance.

Sampling Distribution

A sampling distribution is the probability distribution of a given statistic based on a sample, showcasing how that statistic would vary from one sample to another.