Answer:
Step-by-step explanation:
Correlation coefficient helps us to know how strong is the relation between two variables. The strength of the model is a strong positive correlation.
<h3>What is the correlation coefficient?</h3>
The correlation coefficient helps us to know how strong is the relation between two variables. Its value is always between +1 to -1, where, the numerical value shows how strong is the relation between them and, the '+' or '-' sign shows whether the relationship is positive or negative.
- 1 indicates a strong positive relationship.
- -1 indicates a strong negative relationship.
- A result of zero indicates no relationship at all, therefore, independent variable.
Hence, the strength of the model is a strong positive correlation.
Learn more about Correlation Coefficients:
brainly.com/question/15353989
Answer:
<h2>
$31,745</h2>
Step-by-step explanation:
Compound continuously:
FVn = PV x e^rn
where
PV = $20,000
r = 3.85%
n = 12 years
plugin values into the formula:
FV₁₂ = $20,000 x e ⁰°⁰³⁸⁵ ⁽¹²⁾
FV₁₂ = $31,745
Using proportions, it is found that his tax rate is of 28.84%.
<h3>What is a proportion?</h3>
A proportion is a fraction of a total amount, and the measures are related using a rule of three. Due to this, relations between variables, either direct(when both increase or both decrease) or inverse proportional(when one increases and the other decreases, or vice versa), can be built to find the desired measures in the problem, or equations to find these measures.
His tax rate is the proportion that the <u>deductions are of the total salary</u>, hence:
12,200/42,300 = 0.2884 = 28.84%.
Hence his tax rate is of 28.84%.
More can be learned about proportions at brainly.com/question/24372153
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Answer:
31 Minutes
Step-by-step explanation:
4.78 = 0.15 + 0.58
0.15m = 4.78 - 0.58
m = 4.78 - 0.58 divided by 0.15 = 28 minutes
So in total we have 28 + 3 = 31 minutes
