A Multiple Regression Is Shown Below for a Data Set

question 92

Multiple Choice

A multiple regression is shown below for a data set of yachts where the dependent variable is the price of the boat in thousands of dollars. Given this information, what percentage of variation in the dependent variable is explained by the regression model?

• A) Approximately 68 percent
• B) About 83 percent
• C) About 37 percent
• D) About 60 percent

---

Definitions:

Book Value Per Share

A financial metric showing the portion of a company's net asset value attributable to each share of stock.

Total Common Stock

Represents the shares of a company that are owned by shareholders, including both restricted and unrestricted shares.

Total Liabilities

The combined amount of all financial obligations a company owes to external parties, including loans, bonds payable, and accounts payable.

Current Ratio

A financial metric assessing a firm's capacity to settle short-term debts or obligations due within a year, determined by dividing its current assets by its current liabilities.