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:

Markup

The amount added to the cost of a product to cover overhead and profit, expressed as a percentage of the cost.

Manufacturing Overhead

All indirect costs associated with the manufacturing process, from maintenance to quality control.

Predetermined Overhead Rate

A rate used to apply manufacturing overhead costs to products, calculated before the fiscal period begins based on estimated costs and activity levels.

Machine-Hours

A measure of production activity that quantifies the number of hours machines are run in the manufacturing process.