Instruction 12 -Referring to Instruction 12

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%