Exhibit 16.6.Thirty employed single individuals were randomly selected to examine the relationship between their age (Age)and their credit card debt (Debt)expressed as a percentage of their annual income.Three polynomial models were applied and the following table summarizes Excel's regression results. 
Refer to Exhibit 16.6.What is the predicted percentage debt of a 45 year old employed single person determined by the model with the best fit?
Definitions:
Administrative Expense
Overhead or general expenses related to the day-to-day operations of a business but not directly tied to a specific project or product.
Period Cost
Costs that are expensed in the period in which they are incurred and are not directly tied to the production of inventory.
Balance Sheet
A financial statement that summarizes a company's assets, liabilities, and equity at a specific point in time.
Product Costs
The total expenses involved in manufacturing a product, including direct labor, direct materials, and manufacturing overhead.
Q46: Exhibit 12.6 The following table shows the
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