SCENARIO 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 Scenario 13-2, what is for these data?
A) 0
B) 1.66
C) 2.54
D) 25.66
Correct Answer:
Verified
Q4: SCENARIO 13-2
A candy bar manufacturer is interested
Q8: SCENARIO 13-2 Q9: The slope (b1) represents Q9: SCENARIO 13-2
A)predicted value of Y
A candy bar manufacturer is interested
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