Consider the following to answer the question(s) below:
To determine whether the cash bonuses paid by Johnson Financial Group are related to annual pay, data were gathered for 10 account executives who received such bonuses in 2007. The data, scatterplot and summary statistics are shown below.

-What percent of the variation of the cash bonus can be explained by variation of the annual pay?
A) 100%
B) 85%
C) 73%
D) 30%
E) 54%

Question

Consider the following to answer the question(s) below:
To determine whether the cash bonuses paid by Johnson Financial Group are related to annual pay, data were gathered for 10 account executives who received such bonuses in 2007. The data, scatterplot and summary statistics are shown below.
  
-What percent of the variation of the cash bonus can be explained by variation of the annual pay?
A) 100% 
B) 85% 
C) 73% 
D) 30% 
E) 54%

Quizplus · Accepted Answer

The Answer of Consider the following to answer the question(s) below:
To determine whether the cash bonuses paid by Johnson Financial Group are related to annual pay, data were gathered for 10 account executives who received such bonuses in 2007. The data, scatterplot and summary statistics are shown below.
  
-What percent of the variation of the cash bonus can be explained by variation of the annual pay?
A) 100% 
B) 85% 
C) 73% 
D) 30% 
E) 54%

Consider the Following to Answer the Question(s) Below