In the goodness-of-fit measures, interpret the coefficient of determination for Earnings with Model 3 and what the sample

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A: According to the Question below the Solution:

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A: answer is

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A: Answer: I have given answered in the handwritten format in brief explanation

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A: To create a covariance matrix.

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A: Given the scatterplot of y versus x as

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A: ANSWER:-

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A: GIVEN:

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A:

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A: The solution for the above-given question is given below:

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A: The question has been answered in step2

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Q: When and why do we employ the Binomial, Poisson, and Proportional models of regression?

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