Find the Explained Variation for the Paired Data $y = 6.18286 + 4.33937 x$

question 29

Multiple Choice

Find the explained variation for the paired data.
-The equation of the regression line for the paired data below is $y = 6.18286 + 4.33937 x$ . Find the explained variation.
$\begin{array}{r|rrrrrrr}\mathrm{x} & 9 & 7 & 2 & 3 & 4 & 22 & 17 \\\hline \mathrm{y} & 43 & 35 & 16 & 21 & 23 & 102 & 81\end{array}$

• A) \(13.479\)
• B) \(6,531.37\)
• C) \(6,544.86\)
• D) \(6,421.83\)

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Definitions:

Revenues

The total income generated by a company or organization from its activities, before any expenses are subtracted.

Economic Profit

The difference between the total revenues received by a business and the total opportunity costs of all resources used in the production.

Accounting Profit

The net income of a business as calculated by subtracting total expenses from total revenues, according to standard accounting practices.

Savings

Money that is not spent and is set aside for future use, often in a bank account or other financial instrument.