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 regression slope estimate, S_b₁?

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 regression slope estimate, S_b₁?

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 standard error of the regression slope estimate, S_b₁? A) 0.784 B) 0.885 C) 12.650 D) 16.299

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