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

question 8

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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: 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 percentage of the total variation in candy bar sales is explained by prices? A)  100% B)  88.54% C)  78.39% D)  48.19%
-Referring to Table 13-2, what percentage of the total variation in candy bar sales is explained by prices?


Definitions:

Stomach

A digestive organ located in the upper abdomen, involved in the second phase of digestion, processing food by mixing and breakdown.

Liver

A large, vital organ in vertebrates responsible for detoxification, protein synthesis, and the production of biochemicals necessary for digestion among other functions.

Pylorus

The region of the stomach that connects to the duodenum and acts as a valve to control the flow of partially digested food.

Stomach

A muscular organ in the gastrointestinal tract of vertebrates that uses acids and enzymes to digest food.

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