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In the regression of house prices on population growth, the R2 (R Square) is 75%. What is the correct interpretation of 75%? Group of answer

In the regression of house prices on population growth, the R2 (R Square) is 75%. What is the correct interpretation of 75%?

Group of answer choices

75% of the variations of population growth is explained by house prices.

75% of the variations of house prices is explained by population growth.

If population increases by 1%, house prices will increase by 75%.

If house prices increase by 1%, population will increase by 75%.

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