TABLE 13-2
a Candy Bar Manufacturer Is Interested in Trying

question 48

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:
$$\begin{array} { l l c } \hline \text { City } & \text { Price } ( \$ ) & \text { Sales } \\\hline \text { River Falls } & 1.30 & 100 \\\text { Hudson } & 1.60 & 90 \\\text { Ellsworth } & 1.80 & 90 \\\text { Prescott } & 2.00 & 40 \\\text { Rock Elm } & 2.40 & 38 \\\text { Stillwater } & 2.90 & 32 \\\hline\end{array}$$
-Referring to Table 13-2, what percentage of the total variation in candy bar sales is explained by prices?

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