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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?


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

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