Exhibit 16

question 21

Short Answer

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 sample correlation coefficient between Age and Debt?

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Definitions:

Qualifications

The skills, knowledge, and experience required to perform a job or task, often used as criteria for employment or advancement.

Job Descriptions

Detailed descriptions of the duties, responsibilities, required qualifications, and reporting relationships of a particular job.

Job Applicant

A person who applies for a specific position of employment within an organization.

Qualifications

The credentials, skills, experiences, or education that make an individual suitable for a specific role or task.