QUESTION 17 A regression analysis of company profits and the amount of money the company spent on advertising produced a R2 = 0.72. Which of these is true? This model can correctly predict the profit for 72% of companies. 72% of the variance in company profit can be accounted for by the regression model. Ill. On average, companies spend about 72% of their profits on advertising I only Il only Ill only O ll and Ill only