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Based on exhibit 4, which of the following is the best describes the goodness of fit of the regression line fitted to the relationship between

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Based on exhibit 4, which of the following is the best describes the goodness of fit of the regression line fitted to the relationship between prices and marketing? 53.47% of the variation in grower return can be explained by the variation in marketing budget 73.12% of the variation in grower prices can be explained by the variation in marketing budget 73.12% of the variation in marketing budget can be explained by the variation in grower prices 53.47% of the variation in marketing budget can be explained by the variation in grower prices 17 18 Exhibit 4: Grower Return as a function of Marketing Budget 19 $12.00 20 51100 21 $10.00 22 23 Grower Return (5/box) $9.00 y=-0.132x12.867 R: 0.5347 24 58.00 25 $7.00 26 56.00 27 510 515 520 $30 535 $40 $25 Marketing Budget (mil) 28

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