Use the Table Below to Answer the Following Question(s) -Which of the Following Is True of the R-Squared (R²)value

question 23

Multiple Choice

Use the table below to answer the following question(s) .
Sheila joined Simsin Tradings at the age of 36 with a starting salary of $75,000.She expects a salary increase of 5 percent every year.Her retirement plan requires her to pay 9 percent of her salary, while the company matches it at 32 percent.She expects an annual return of 7 percent on her retirement portfolio.Using a predictive model for Sheila's first five years, calculate the following, assuming that the salary increases at the same rate every year, and the return of interest does not change.
$$\begin{array}{l}\text { Retirement Plan Model for Sheila }\\\begin{array} { | l | l | } \hline \text { Data } & \\\hline \text { Retirement Contribution ( percent of salary) } & \\\hline \text { Employer Match } & 9 \text { percent } \\\hline \text { Annual Salary Increase } & 32 \text { percent } \\\hline \text { Annual Return on Investment } & 5 \text { percent } \\\hline & 7 \text { percent } \\\hline\end{array}\end{array}$$
-Which of the following is true of the R-squared (R²) value in Excel's Trendline function?

• A)A value of 1.0 for R² indicates maximum deviation of the data from the line.
• B)If the value of R² is above 1.0, the line will be at a perfect fit for the data.
• C)The value of R² will always be between -1 and 1.
• D)As the value of R² gets higher, the line will be a better fit for the data.

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