Find the Explained Variation for the Paired Data $\hat { y } = 6.18286 + 4.33937 x$

question 116

Multiple Choice

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

• A) 6421.83
• B) 6544.86
• C) 13.479
• D) 6531.37

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Definitions:

APR Discount Rate

The annual percentage rate that represents the actual yearly cost of funds over the term of a loan, including any fees or additional costs associated with the transaction.

Monthly Payments

Regular payments made over a specified period of time towards the settlement of a debt obligation, typically calculated on an amortization schedule.

Compounding Frequency

Compounding frequency refers to the number of times per year that earned interest is added to the principal balance of an investment, affecting the total interest earned over time.

APR Interest

Annual Percentage Rate; a measure that reflects the total interest to be paid on a loan, mortgage, credit card, or other financial product, factored as an annual rate.