The correlation coefficient r between the age of a homeowner, x, and the number of years remaining on the homeowner's mortgage, y, is 0.485. What percent of the variation in the number of years remaining on a mortgage can be explained by differences in homeowners ages? 97% 51.5% 48.5% 23.5%

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
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The correlation coefficient r between the age of a homeowner, x, and the number of years remaining on the homeowner's mortgage,
y, is 0.485.
What percent of the variation in the number of years remaining on a mortgage can be explained by differences in homeowners ages?
O
97%
51.5%
48.5%
23.5%
Transcribed Image Text:The correlation coefficient r between the age of a homeowner, x, and the number of years remaining on the homeowner's mortgage, y, is 0.485. What percent of the variation in the number of years remaining on a mortgage can be explained by differences in homeowners ages? O 97% 51.5% 48.5% 23.5%
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