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Price in $ of diamonds is expected to be correlated to the number of carats in the diamond and the store area size of the
Price in $ of diamonds is expected to be correlated to the number of carats in the diamond and the store area size of the retail store. Using the regression analysis statistics below, interpret the adjusted coefficient of determination (Adjusted R Square). Regression Statistics Multiple R 0.9675 R Square 0.9361 Adjusted R Square 0.9359 Standard Error 36. 1761 Observations 1,000 O As dependent variable Y increases by 1 unit, independent variable X is expected to increase by 0.936. O As independent variable X increases by 1 unit, dependent variable Y is expected to increase by 0.936. O As independent variable Y increases by 1 unit, dependent variable X is expected to increase by 0.936. O 93.6% of the changes in dependent variable Y can be explained by changes in independent variables Xij
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