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 the coefficient of correlation for these data?
A)- 0.8854
B)- 0.7839
C)0.7839
D)0.8854

Question

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 the coefficient of correlation for these data?
A)- 0.8854 
B)- 0.7839 
C)0.7839 
D)0.8854

Quizplus · Accepted Answer

The Answer of 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 the coefficient of correlation for these data?
A)- 0.8854 
B)- 0.7839 
C)0.7839 
D)0.8854

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