Multiple Choice
Costco sells paperback books in their retail stores and wanted to examine the relationship between price and demand.The price of a particular novel was adjusted each week and the weekly sales were recorded in the following table. 
Management would like to use simple regression analysis to estimate weekly demand for this novel using the price of the novel.The coefficient of determination for this sample is equal to ________.
A) 0.273
B) 0.311
C) 0.392
D) 0.450
Correct Answer:
Verified
Correct Answer:
Verified
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