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Thirty Employed Single Individuals Were Randomly Selected to Examine the Relationship

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Essay

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. 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.   What is the percentage of variations in Debt explained by Age in the regression equation with the best fit? What is the percentage of variations in Debt explained by Age in the regression equation with the best fit?

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Definitions:

POI Research

Research dedicated to understanding Patterns of Individuality, focusing on how personal characteristics and behaviors form unique patterns.

Metaneeds

In Abraham Maslow's hierarchy of needs, these are the highest-level needs, including aesthetic, creativity, fulfillment, and the realization of personal potential.

Correlational Method

A research technique that studies the relationship between two or more variables without implying causation.

Cognitive Needs

The mental requirements for the acquisition of knowledge, understanding, and reasoning, including the need for curiosity, knowledge-seeking, and understanding the environment around us.

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