Question: 44
(Choose 1 answer)
(See picture)
A. -74.77
B. 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
River Falls
1.30
100
Hudson
1.60
90
Ellsworth
Prescott
1.80
90
2.00
40
What is the estimated slope for the candy bar price and sales data?
