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What percentage of the variation

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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?

Reference no: EM132967834

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