Instruction 12-2
A chocolate bar manufacturer is interested in trying to estimate how sales are influenced by the price of their product.To do this,the company randomly chooses six country towns and cities and offers the chocolate bar at different prices.Using chocolate bar sales as the dependent variable,the company will conduct a simple linear regression on the data below:
-Referring to Instruction 12-2,what is the estimated average change in the sales of the chocolate bar if price goes up by $1.00?
A) 0.784
B) -3.810
C) 161.386
D) -48.193
Correct Answer:
Verified
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Q4: Instruction 12-3
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Q4: Instruction 12.2
A chocolate bar manufacturer is
Q5: Instruction 12-2
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Q13: Instruction 12.2
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