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SCENARIO 12-2
a Candy Bar Manufacturer Is Interested in Trying

Question 42

Multiple Choice

SCENARIO 12-2
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:  City  Price($)  Sales  River Falls 1.30100 Hudson 1.6090 Ellsworth 1.8090 Prescott 2.0040 Rock Elm 2.4038 Stillwater 2.9032\begin{array}{llr}\text { City }&\text { Price(\$) }&\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 Scenario 12-2, what is the coefficient of correlation for these data?


A) - 0.8854
B) - 0.7839
C) 0.7839
D) 0.8854

Correct Answer:

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