Multiple Choice
SCENARIO 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 Scenario 13-2,what is the percentage of the total variation in candy bar sales explained by the regression model?
A) 100%
B) 88.54%
C) 78.39%
D) 48.19%
Correct Answer:
Verified
Correct Answer:
Verified
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