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 estimated slope parameter for the candy bar price and sales data?
A) 161.386
B) 0.784
C) -3.810
D) -48.193

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 estimated slope parameter for the candy bar price and sales data?
A) 161.386 
B) 0.784 
C) -3.810 
D) -48.193

Quizplus · Accepted Answer

The Answer of 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 estimated slope parameter for the candy bar price and sales data?
A) 161.386 
B) 0.784 
C) -3.810 
D) -48.193

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