TABLE 13-2 A Candy Bar Manufacturer Is Interested in Trying to Estimate

question 142

Multiple Choice

TABLE 13-2
A candy bar manufacturer is interested in trying to estimate how sales are influenced by the price of their product. To do this, the company randomly chooses 6 small cities and offers the candy bar at different prices. Using candy bar sales as the dependent variable, the company will conduct a simple linear regression on the data below:
-Referring to Table 13-2, what is the percentage of the total variation in candy bar sales explained by the regression model?

• A) 100%
• B) 88.54%
• C) 78.39%
• D) 48.19%

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