Kizspy | Question: 37
(Choose 1 answer)
(See picture)
Α. -74.77
Β. 205.23
C. 74.77
D.-205.23
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 4 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
1.30
1.60
1.80
2.00
100
90
90
40
River Falls Hudson
Ellsworth
Prescott
What is the estimated slope for the candy bar price and sales data?
