SCENARIO 12-2
a Candy Bar Manufacturer Is Interested in Trying

question 135

Multiple Choice

SCENARIO 12-2
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: $\begin{array}{llr}\text { City }&\text { Price(\$) }&\text { Sales }\\\text { River Falls } & 1.30 & 100 \\\text { Hudson } & 1.60 & 90 \\\text { Ellsworth } & 1.80 & 90 \\\text { Prescott } & 2.00 & 40 \\\text { Rock Elm } & 2.40 & 38 \\\text { Stillwater } & 2.90 & 32\end{array}$
-Referring to Scenario 12-2, what percentage of the total variation in candy bar sales is explained by prices?

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

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Definitions:

Brain Death

A clinical and legal determination of death based on the irreversible loss of all functions of the brain, including the brainstem.

Pain Stimuli

External or internal factors that can cause the sensation of pain, triggering the body's pain response mechanisms.

Teratogens

Teratogens are substances or agents that can cause congenital anomalies or increase the incidence of malformations in the embryo or fetus upon exposure.

Congenital Anomalies

Refers to structural or functional defects that are present from birth.