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: $\begin{array}{llr}
\underline {\text { City }}& \underline {\text { Price }}& \underline {\text { Sales}}\
\text { River Falls } & 1.30 & 100 \
\text { Hudson } & 1.60 & 90 \
\text { Ellsworth } & 1.80 & 90 \
\text { Prescott } & 2.00 & 40 \
\text { Rock Elm } & 2.40 & 38 \
\text { Stillwater } & 2.90 & 32
\end{array}$
-Referring to Table 13-2, 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

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: $\begin{array}{llr}
 \underline {\text { City }}& \underline {\text { Price }}& \underline {\text {  Sales}}\
\text { River Falls } & 1.30 & 100 \
\text { Hudson } & 1.60 & 90 \
\text { Ellsworth } & 1.80 & 90 \
\text { Prescott } & 2.00 & 40 \
\text { Rock Elm } & 2.40 & 38 \
\text { Stillwater } & 2.90 & 32
\end{array}$
-Referring to Table 13-2, 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

Quizplus · Accepted Answer

The Answer is C

TABLE 13-2 a Candy Bar Manufacturer Is Interested in Trying

TABLE 13-2
a Candy Bar Manufacturer Is Interested in Trying