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The correlation coefficient r between an employee’s age, x, and yearly salary, y, is 0.633. What percent of the variation in yearly salaries can be explained by differences in the employees’ ages? 31.7% 63.3% 15.8% 40.1%

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Answer:

The answer is 40.1%

Step-by-step explanation:

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The variation in the yearly salaries can be explained by the differences in employee ages up to 40.1%.

When given the correlation coefficient of two variables, you can find out how much of the variation in the dependent variable can be explained by the independent variable by the formula:

= (Correlation coefficient)² x 100%

= 0.633² x 100%

= 0.4007 x 100%

= 40.1%

In conclusion, 40.1% of the variation in salary can be explained by age.

Find out more at https://brainly.com/question/3560028.

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