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

Question 115

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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:
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 estimated mean change in the sales of the candy bar if price goes up by $1.00? A) 161.386 B) 0.784 C) - 3.810 D) - 48.193
-Referring to Scenario 13-2,what is the estimated mean change in the sales of the candy bar if price goes up by $1.00?


A) 161.386
B) 0.784
C) - 3.810
D) - 48.193

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