Consider the Following Data Values of Variables X and Y $$\begin{array} { | c | c | c | c | c | c | c | } \hline x & 3 & 5 & 7 & 9 & 11 & 14 \\\hline y & 7 & 10 & 17 & 20 & 27 & 35 \\\hline\end{array}$$

question 54

Essay

Consider the following data values of variables x and y. $$\begin{array} { | c | c | c | c | c | c | c | } \hline x & 3 & 5 & 7 & 9 & 11 & 14 \\\hline y & 7 & 10 & 17 & 20 & 27 & 35 \\\hline\end{array}$$ Calculate the coefficient of determination, and describe what this statistic tells you about the relationship between the two variables.

---

Definitions:

Present Value

Today's value of money or cash flows to be received in the future, determined by applying a given rate of return.

Future Value

The value of a current asset at a specified date in the future, calculated using estimated rates of growth or return.

Growth Rate

The measure of the increase in size, number, value, or strength of a business or a segment of its operations over a specific period.

Earnings Per Share

A measure of a company's profitability, calculated as the company's net income divided by the total number of outstanding shares.