Ask Question
BusinessBusiness
25 December, 20:34

If the correlation between a person's age and annual income is 0.60, then the coefficient of determination tells us that:

+5
Answers (1)
  1. 25 December, 23:41
    0
    The answer is 36% of the variation in a person’s annual income can be explained by the predictor variable age. In addition, correlation is a statistical measure that specifies the level to which two or more variables vary together. A positive correlation specifies the level to which those variables upsurge or decline in parallel wile a negative correlation specifies the level to which one variable upsurges as the other declines.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “If the correlation between a person's age and annual income is 0.60, then the coefficient of determination tells us that: ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The simple objective of financial planning is to make the best use of your resources to achieve your financial goals. a. True b. False
Answers (1)
Which of the following statements is TRUE of employee empowerment? Question 11 options: Jobs must be designed to give employees the necessary latitude for making a variety of decisions.
Answers (1)
Maria Am Corporation uses a process costing system. The Baking Department is one of the processing departments in its strudel manufacturing facility.
Answers (1)
Davis Hardware Company uses a perpetual inventory system. How should Davis record the sale of inventory costing $620 for $960 on account? A. Inventory 620Cost of Goods Sold 620Sales Revenue 960Accounts Receivable 960B.
Answers (1)
This type of manager is seen as 'the worker bee' of the company. A. Top-level manager B. Middle manager C. Operational manager
Answers (1)
New Questions in Business
Soar Incorporated is considering eliminating its mountain bike division, which reported an operating loss for the recent year of $4,000. The division sales for the year were $1,058,000 and the variable costs were $861,000.
Answers (1)
The cost of the next best choice in a trade-off is called the
Answers (1)
The voucher system of control is designed to control cash disbursements and the acceptance of obligations. 1. the voucher system of control establishes procedures for
Answers (1)
Data for January for Bondi Corporation and its two major business segments, North and South, appear below: Sales revenues, North $ 587,000 Variable expenses, North $ 340,600 Traceable fixed expenses, North $ 70,200 Sales revenues, South $ 453,200
Answers (1)
When the allowance method of accounting for uncollectible accounts is used, then
Answers (1)
Home » Business » If the correlation between a person's age and annual income is 0.60, then the coefficient of determination tells us that:
Sign Up Forgot Password?