14.Referring to Scenario 12-2, what is the standard error of the regression slope estimate, S ?
$$b$$ 1
a) 0.784 b) 0.885 c) 12.650 d) 16.299
ANSWER:
c
TYPE: MC DIFFICULTY: Moderate
KEYWORDS: standard error, slope
-Referring to Scenario 12-2, if the price of the candy bar is set at $2, the estimated mean sales will be
A)30
B)65
C)90
D)100

Question

14.Referring to Scenario 12-2, what is the standard error of the regression slope estimate, S ?
 $$b$$ 1
a) 0.784 b) 0.885 c) 12.650 d) 16.299
ANSWER:
c
TYPE: MC DIFFICULTY: Moderate
KEYWORDS: standard error, slope
-Referring to Scenario 12-2, if the price of the candy bar is set at $2, the estimated mean sales will be
A)30
B)65
C)90
D)100

Quizplus · Accepted Answer

The standard error of the regression slope estimate is given as 12.650, which corresponds to choice c. For the estimated mean sales when the price is set at $2, the correct choice is B) 65.

14Referring to Scenario 12-2, What Is the Standard Error of the Regression