For the Following Data Set, How Much of the Variation $\begin{array} { l | l l l l l l } x & 3 & 7 & 1 & 5 & 8 & 4 \\\hline y & 24 & 17 & 10 & 18 & 20 & 23\end{array}$

question 14

Multiple Choice

For the following data set, how much of the variation in the outcome variable is explained by the least-squares regression line?
$\begin{array} { l | l l l l l l } x & 3 & 7 & 1 & 5 & 8 & 4 \\\hline y & 24 & 17 & 10 & 18 & 20 & 23\end{array}$

• A)9.7%
• B)68.9%
• C)31.1%
• D)90.3%

---

Definitions:

Insurer

An entity which provides insurance is responsible for compensating its clients against losses from certain specified risks.

Principal-Agent Problem

A dilemma in economics where one party (the agent) is able to make decisions that impact another party (the principal), potentially leading to conflicts of interest.

Ownership

The act, state, or right of possessing something.

Control

The exercise of authoritative or regulatory influence over something or someone to guide or manage operations and behaviors.