Instruction 12 -Referring to Instruction 12

question 119

Multiple Choice

Instruction 12.2
A chocolate 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 six country towns and cities and offers the chocolate bar at different prices. Using chocolate bar sales as the dependent variable, the company will conduct a simple linear regression on the data below:
$$\begin{array} { | l | l | l | } \hline \text { City } & \text { Price(\$) } & \text { Syles } \\\hline \text { Toowoomba } & 1.30 & 100 \\\hline \text { Broken Hill } & 1.60 & 50 \\\hline \text { Bendigo } & 1.80 & 50 \\\hline \text { Kalgoorlie } & 2.00 & 40 \\\hline \text { Launceston } & 2.40 & 38 \\\hline \text { Port Augusta } & 2.50 & 32 \\\hline\end{array}$$
-Referring to Instruction 12.2,what percentage of the total variation in chocolate bar sales is explained by prices?

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

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Definitions:

Situational Factors

External factors in the environment that can influence an individual's behavior and decision-making processes.

Motive States

Motive states are psychological states that drive an individual to engage in behaviors aimed at achieving specific goals or fulfilling needs.

Aggressive

Exhibiting forceful behavior or attitudes often with the intent to dominate or control.

Motivation Theories

Theoretical frameworks that attempt to explain what drives individuals to act in certain ways and how motivation influences behavior.