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, to test whether a change in price will have any impact on sales, what would be the critical values? Use = 0.05.
A) 2.5706
B) 2.7765
C) 3.1634
D) 3.4954

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, to test whether a change in price will have any impact on sales, what would be the critical values? Use  = 0.05.
A) 2.5706 
B) 2.7765 
C) 3.1634 
D) 3.4954

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, to test whether a change in price will have any impact on sales, what would be the critical values? Use  = 0.05.
A) 2.5706 
B) 2.7765 
C) 3.1634 
D) 3.4954

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