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Questions and Answers
What is the coefficient of determination (R-squared) for the simple linear regression model?
What does the p-value associated with the coefficient of x suggest about its significance?
Which of the following best describes the relationship between average annual salary and food expenses percentage based on the regression equation?
What does the Analysis of Variance (ANOVA) table suggest about the regression model?
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What does it mean if the residual error is high in the context of this linear regression model?
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