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Consider the Following to Answer the Question(s) Below

question 16

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Consider the following to answer the question(s) below:
A small independent organic food store offers a variety of specialty coffees. To determine whether price has an impact on sales, the managers kept track of how many kilograms of each variety of coffee were sold last month. The data, scatterplot and summary statistics are shown below.
Consider the following to answer the question(s)  below: A small independent organic food store offers a variety of specialty coffees. To determine whether price has an impact on sales, the managers kept track of how many kilograms of each variety of coffee were sold last month. The data, scatterplot and summary statistics are shown below.      -What percent of the variation of the number of kilograms of coffee sold per month can be explained by variation of price per kilogram? A)  93% B)  100% C)  86% D)  96% E)  14% Consider the following to answer the question(s)  below: A small independent organic food store offers a variety of specialty coffees. To determine whether price has an impact on sales, the managers kept track of how many kilograms of each variety of coffee were sold last month. The data, scatterplot and summary statistics are shown below.      -What percent of the variation of the number of kilograms of coffee sold per month can be explained by variation of price per kilogram? A)  93% B)  100% C)  86% D)  96% E)  14%
-What percent of the variation of the number of kilograms of coffee sold per month can be explained by variation of price per kilogram?


Definitions:

Fallacy Of Division

The erroneous assumption that what is true of a whole necessarily applies to its individual parts or members.

Post Hoc, Ergo Propter Hoc

A logical fallacy that assumes if one event occurs after another, the first event must have caused the second.

Generalizations

Broad statements or concepts that apply to multiple instances, often used to simplify complex ideas.

Cause And Effect

A relationship where one event (the cause) makes another event happen (the effect), often used to describe phenomena in various fields of study.

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