Mathematics, 08.12.2020 16:40 neather

Given the linear regression equation: Clothing sales = 14.58 + 2.93 * Income

and R2 = 0.97

Then we can say that:

0.97% of the variation in income is explained by the level of sales

0.97% of the variation in clothing sales is explained by income

97% of the variation in income is explained by the level of sales

97% of the variation in clothing sales is explained by income

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Given the linear regression equation: Clothing sales = 14.58 + 2.93 * Income

and R2 = 0...