Answer the Following Question(s)using the Information Below

question 60

Multiple Choice

Answer the following question(s) using the information below:
Elmo's Educational Software Outlet sells two or more of the video games as a single package.Managers are keenly interested in individual product profitability figures.Information pertaining to three bundled products and the stand-alone prices is as follows:
Assume Reading Fun is the primary product, followed by Math Fun, and then Analysis.
-Using the stand-alone method with selling price as the weight for revenue allocation, what amount of revenue will be allocated to Math Fun in the package that contains all three products?

• A)$48.25
• B)$60.00
• C)$45.60
• D)$50.67
• E)$33.60

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Definitions:

Sum of Squares

The total of the squared differences between each data point and the mean of the dataset, used in various statistical calculations.

Regression SSR

The sum of squared deviations of predicted values from the mean of the dependent variable in regression analysis, indicating the variability explained by the regression.

Standard Error

The standard deviation of the sampling distribution of a statistic, typically the mean.

Dependent Variable

A variable in an experiment or study whose changes are subject to the variations in other variables (independent variables).