Fred's health insurance premium is $4635 annually.
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Answer:
90% of the variation in the dependent variable is explained by the independent variable.
Step-by-step explanation:
We are given the following in the question:
coefficient of determination = 0.9
We have to find the percentage of variation in the dependent variable explained by the variation in the independent variable.
Coefficient of Determination:
- The coefficient of determination is a measure that explains and predicts the dependent variable.
- It explains the variation in the dependent variable caused by the independent variable.
- The coefficient of determination, also known as the R squared value and is obtained by squaring the coefficient of correlation.
Thus, 90% of the variation in the dependent variable is explained by the independent variable.