Question: Please answer with detail explanation Please answer only if you really have knowledge Which of the following statements is true? 1. The R(le.. R-squared) tells

Please answer with detail explanation

Please answer only if you really have knowledge

Which of the following statements is true? 1. The R"(le.. R-squared) tells us the percentage of the vanation in the dependent variable (cost) that is explained by variation in the independent vanable (activity) It The R (10, R-squared) varies from 0% to 100%%, and the lower the percentage, the better the fit of the data to a straight line Neither statement is true. Only statement I is true. Only statement II is tru. Both statements are true

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