If You Calculated a Pearson's R-Square of

question 11

Multiple Choice

If you calculated a Pearson's r-square of .36 between median incomes and city crime rates it means that:

• A)36 percent of the variance in city crime rates is explained
• B)60 percent of the variance in city crime rates is explained
• C)6 percent of the variance in median incomes is explained
• D)13 percent of the variance in either median incomes or city crime rates is explained

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Definitions:

Home Equity Indebtedness

Home equity indebtedness refers to loans secured by the taxpayer's home, where the proceeds are not necessarily used to buy, build, or substantially improve the home.

Deductible

An amount that can be subtracted from an individual's gross income to reduce the amount that is subject to income tax.

Medical Expense Deduction

A tax deduction available for individuals who have incurred significant healthcare costs relative to their income.

Dependent

Someone who relies on another, particularly for financial support, often a child or other family member as defined for tax purposes.