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Question - Below are the simple regression results based on Rabiya Corporation:
Dependent variable: Machinery maintenance costs
Independent variable: Number of machine setups
Computed values include:
Y-intercept: P2,460
Coefficient on the independent variable: 2.45
Coefficient of correlation: 0.95
Coefficient of determination: 0.9025
Based on the above information, what percentage of the variation in the machinery maintenance costs can be explained by the number of machine setups?
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