Which of the following statements is true? 1. The R (ie, R-squared) tells us the percentage of the variation in the dependent variable (cost) that is explained by variation in the independent variable (activity) II. The R (.e. R-squared) varies from 0% to 100%, and the lower the percentage, the better the fit of the data to a straight line Neither statement is true. O Only statement I is true. Only statement If is tru. O Both statements are true.

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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Which of the following statements is true?
1. The R³ (.e., R-squared) tells us the percentage of the variation in the dependent variable (cost) that is explained by variation in
the independent variable (activity)
II. The R (.e.. R-squared) varies from 0% to 100%, and the lower the percentage, the better the fit of the data to a straight line.
ONeither statement is true.
Only statement I is true.
Only statement II is tru.
O Both statements are true.
Transcribed Image Text:Which of the following statements is true? 1. The R³ (.e., R-squared) tells us the percentage of the variation in the dependent variable (cost) that is explained by variation in the independent variable (activity) II. The R (.e.. R-squared) varies from 0% to 100%, and the lower the percentage, the better the fit of the data to a straight line. ONeither statement is true. Only statement I is true. Only statement II is tru. O Both statements are true.
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