Multiple Choice
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 standard error of the regression slope estimate, Sb1 ?
A) 0.784
B) 0.885
C) 12.650
D) 16.299
Correct Answer:
Verified
Correct Answer:
Verified
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