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:

Vertical Analysis

A technique for analyzing financial statements where every item in the three primary account categories (assets, liabilities, and equity) on a balance sheet is expressed as a percentage of the overall account.

Ratio

A quantitative relationship between two numbers, showing how many times the first number contains the second or is contained within it.

Earnings Per Share

Earnings per share (EPS) is a financial ratio that divides the net earnings available to common shareholders by the average outstanding shares, indicating how much money shareholders would receive for every share owned.

Income Before Interest

Profits calculated after all expenses except interest expenses have been deducted from revenues.