Use the Following Information to Answer the Question

question 36

Multiple Choice

Use the following information to answer the question. The following linear regression model can be used to predict ticket sales at a popular water park.
Ticket sales per hour = - 631.25 + 11.25(current temperature in °F)
-In the NBA, the correlation between "steals per game" and "blocked shots per game" is found to be 0.8045. Choose the statement that is true about the coefficient of determination.

• A)The coefficient of determination states that about 64.72% of the variation in blocked shots per game is explained by steals per game.
• B)The coefficient of determination, r2, is equal to approximately 0.6472.
• C)When given as a percent, the coefficient of determination is always between 0 and 100%.
• D)All of these are true statements.

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Definitions:

Compounded Semi-annually

Interest calculated twice a year, factoring in previously accrued interest for each calculation.

Strip Bond

An investment instrument entitling its owner to receive only the face value of a bond at maturity.

Nominal Rate

The stated interest rate of an investment or loan, not adjusted for compounding or inflation.

Population Growth

The increase in the number of individuals in a population, often measured as the rate at which the number of individuals increases over a specific period of time.