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

Multiple Choice

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:

-Referring to Table 13-2, to test that the regression coefficient, β₁, is not equal to 0, what would be the critical values? Use α = 0.05.

A) ± 2.5706
B) ± 2.7765
C) ± 3.1634
D) ± 3.4954