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A B C D E State Cans Price Income Temp Population Alabama 200 2.19 13 66 4,903,185 Arizona 150 1.99 17 62 7,278,717 Arkansas 237

A B C D E

State Cans Price Income Temp Population
Alabama 200 2.19 13 66 4,903,185
Arizona 150 1.99 17 62 7,278,717
Arkansas 237 1.93 11 63 3,017,825
California 135 2.59 25 56 39,512,223
Colorado 121 2.29 19 52 5,758,736
Connecticut 118 2.49 27 50 3,565,287
Delaware 217 1.99 28 52 973,764
Florida 242 2.29 18 72 21,477,737
Georgia 295 1.89 14 64 10,617,423
Idaho 85 2.39 16 46 1,787,065
Illinois 114 2.35 24 52 12,671,821
Indiana 184 2.19 20 52 6,732,219
Iowa 104 2.21 16 50 3,155,070
Kansas 143 2.17 17 56 2,913,314
Kentucky 230 2.05 13 56 4,467,673
Louisiana 269 1.97 15 69 4,648,794
Maine 111 2.19 16 41 1,344,212
Maryland 217 2.11 21 54 6,045,680
Massachusetts 114 2.29 22 47 6,949,503
Michigan 108 2.25 21 47 9,986,857
Minnesota 108 2.31 18 41 5,639,632
Mississippi 248 1.98 10 65 2,976,149
Missouri 203 1.94 19 57 6,137,428
Montana 77 2.31 19 44 1,068,778
Nebraska 97 2.28 16 49 1,934,408
Nevada 166 2.19 24 48 3,080,156
New Hampshire 177 2.27 18 35 1,359,711
New Jersey 143 2.31 24 54 8,882,190
New Mexico 157 2.17 15 56 2,096,829
New York 111 2.43 25 48 19,453,561
North Carolina 330 1.89 13 59 10,488,084
North Dakota 63 2.33 14 39 762,062
Ohio 165 2.21 22 51 11,689,100
Oklahoma 184 2.19 16 82 3,956,971
Oregon 68 2.25 19 51 4,217,737
Pennsylvania 121 2.31 20 50 12,801,989
Rhode Island 138 2.23 20 50 1,059,361
South Carolina 237 1.93 12 65 5,148,714
South Dakota 95 2.34 13 45 884,659
Tennessee 236 2.19 13 60 6,833,174
Texas 222 2.08 17 69 28,995,881
Utah 100 2.37 16 50 3,205,958
Vermont 64 2.36 16 44 623,989
Virginia 270 2.04 16 58 8,535,519
Washington 77 2.19 20 49 7,614,893
West Virginia 144 2.11 15 55 1,792,147
Wisconsin 97 2.38 19 46 5,822,434
Wyoming 102 2.31 19 46 578,759

Consider the soft drink data above . This is a demand function.Use Excel and Ordinary Least Squares Regression to estimate the following demand equation for soft drink demand: Use the all the data from Columns A through column E to estimate the Softdrink demand schedule: CANS = + 1*PRICE + 2*INCOME + 3*TEMP + 4*POPULATION. What is the R Square?

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