3.Which of the following reports the correct value and interpretation of the R2 for this regression? The R2 is: A) 0.048, indicating that the variability of industry sales explains about 4.8 percent of the variability of company sales. B) 0.952, indicating the variability of company sales explains about 95.2 percent of the variability of industry sales. C) 0.048, indicating that the variability of company sales explains about 4.8 percent of the variability of industry sales. D) 0.952, indicating that the variability of industry sales explains about 95.2 percent of the variability of company sales.
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