Use the Following Information for Questions

question 38

Short Answer

Use the following information for questions
On October 1, 2022, Mekhi's Golf Service Limited borrows $80,000 from Rigor Bank by signing a 3-month, $80,000, 4% bank loan.Interest is due the first of each month.
-The entry by Mekhi's Golf Service to record payment of the loan and accrued interest on January 1, 2023 is

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Definitions:

Unexplained Variation

The portion of the total variation in a data set that is not accounted for by the statistical model being used.

P-value

The chance of getting results that are as extreme or more extreme than what was actually seen, assuming the null hypothesis holds.

Average Salary

The mean amount of payment earned by employees in a certain period.

Multiple Linear Regression

A statistical technique that models the relationship between a dependent variable and two or more independent variables by fitting a linear equation to observed data.