Use the Following Regression Results to Answer the Question Below

question 132

Multiple Choice

Use the following regression results to answer the question below. ANOVA Which of the following is true?

• A)x explains about 88.5 percent of the variation in y.
• B)y explains about 88.5 percent of the variation in x.
• C)x explains about 78.4 percent of the variation in y.
• D)y explains about 78.4 percent of the variation in x.

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Definitions:

Bank Credit Cards

Financial instruments issued by banks that allow cardholders to borrow funds with which to pay for goods and services, subject to the agreement that the funds will be repaid.

Credit Sales

Transactions in which goods or services are provided to a customer with the agreement that payment will be made at a later date.

Credit Card Sales

Transactions in which goods or services are purchased using a credit card, immediate revenue for the seller, albeit often with processing fees deducted by the credit card processor.

Credit Sales

Sales where payment is deferred to a later date, typically generating receivables for the selling entity.