If, in a multiple regression of the price of a diamond against the two predictor variables, weight and color, the R2 of the regression was 0.985, then which of the following is the best interpretation of this value?

1. Question 1 Why is it good to be big? Tick the correct boxes! 1 / 1 point   Large firms are more likely to be limited in R&D capabilities and finding alternatives…

3. Question 3 Which of these statements are correct? 1 / 1 point   In a competitive market, customers’ needs can safely be ignored.   Competition drives firms to differentiate from each other….