TABLE 13-2
A candy 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 6 small cities and offers the candy bar at different prices.Using candy bar sales as the dependent variable,the company will conduct a simple linear regression on the data below:
-Referring to Table 13-2,what is the standard error of the estimate,S_YX,for the data?

Question

TABLE 13-2
A candy 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 6 small cities and offers the candy bar at different prices.Using candy bar sales as the dependent variable,the company will conduct a simple linear regression on the data below:

-Referring to Table 13-2,what is the standard error of the estimate,S_YX,for the data?

Quizplus · Accepted Answer

The Answer is D

TABLE 13-2 A Candy Bar Manufacturer Is Interested in Trying to Estimate