Ultimate access to all questions.
Upgrade Now 🚀
Sign in to unlock AI tutor
The correlation between company and industry sales is 0.9757. Which of the following is closest to the value and reports the most likely interpretation of the R²?
A
0.048, indicating that the variability of industry sales explains about 4.8% of the variability of company sales.
B
0.048, indicating that the variability of company sales explains about 4.8% of the variability of industry sales.
C
0.952, indicating that the variability of industry sales explains about 95.2% of the variability of company sales.
D
0.952, indicating that the variability of company sales explains about 95.2% of the variability of industry sales.
