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

Question

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

Quizplus · Accepted Answer

The Answer of 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

Costco Sells Paperback Books in Their Retail Stores and Wanted