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A toaster company wanted to see if they could predict customer satisfaction levels based on the price of the toaster. They collected a random sample

A toaster company wanted to see if they could predict customer satisfaction levels based on the price of the toaster.  They collected a random sample of 6 toasters and compared the price and the percentage of customers who were satisfied.  Then they used this data to run a simple linear regression analysis.

The regression run on Excel using the data shown gave the output shown below the data.

 
PriceCustomer Satisfaction       
1372       
3584       
3176       
3894       
4393       
4697       
         
SUMMARY OUTPUT        
         
Regression Statistics       
Multiple R0.903562019       
R Square0.816424323       
Adjusted R Square0.770530403       
Standard Error4.950490172       
Observations6       
         
ANOVA        
 dfSSMSFSignificance F   
Regression1435.9705882435.970588217.789378940.013501976   
Residual498.0294117624.50735294     
Total5534      
         
 CoefficientsStandard Errort StatP-valueLower 95%Upper 95%Lower 95.0%Upper 95.0%
Intercept58.735294126.7728521038.6721654660.00097295239.9308420577.5397461939.9308420577.53974619
Price0.7941176470.1882801154.2177457180.0135019760.2713682441.316867050.2713682441.31686705

What percentage of the variation in customer satisfaction is explained by variation in price? Enter your answer as a percentage but do not enter a % symbol in your answer, just the number. No decimals are necessary.

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