Multiple Choice
Instruction 12.37
A chocolate 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 six country towns and cities and offers the chocolate bar at different prices. Using chocolate bar sales as the dependent variable, the company will conduct a simple linear regression on the data below:
-Referring to Instruction 12.37,if the price of the chocolate bar is set at $2,the estimated average sales will be
A) 100.
B) 65.
C) 90.
D) 30.
Correct Answer:

Verified
Correct Answer:
Verified
Q78: Instruction 12.27<br>The director of cooperative education
Q79: If you wanted to find out if
Q80: Instruction 12.3<br>The director of cooperative education
Q81: onfident that the mean amount of
Q82: Instruction 12.34<br>The management of a chain
Q84: Instruction 12.34<br>The management of a chain
Q85: Instruction 12.34<br>The management of a chain
Q86: The slope (b<sub>1</sub>)represents<br>A) the estimated average change
Q87: Instruction 12.39<br>The managers of a brokerage
Q88: Instruction 12.2<br>A chocolate bar manufacturer is