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, if the price of the candy bar is set at $2, the estimated average sales will be
A) 30
B) 65
C) 90
D) 100

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, if the price of the candy bar is set at $2, the estimated average sales will be
A) 30 
B) 65 
C) 90 
D) 100

Quizplus · Accepted Answer

The estimated average sales will be 65 when the price of the candy bar is set at $2.

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