Question: 1) [5 points] Your friend fits a simple linear regression on and X and gets an R2 =8%. He says that since R 2is so

1) [5 points] Your friend fits a simple linear regression on and X and gets an R2 =8%. He says that since R 2is so low, there is no evidence of a significant linear relationship between Y and X. Your friend's reaSOning is (Give a BRIEF justification. 4 points for the justication) (i) Correct (ii) Wrong

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