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This statement is true or false? and could you please tell me the reason,thank you. If you run a regression of wages on schooling and

This statement is true or false? and could you please tell me the reason,thank you.

If you run a regression of wages on schooling and the regression R^2 is approximately 0.41, this means that in your sample, variation in schooling predicts approximately 41% of variation in wages.

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