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 standard error of the estimate,S_YX,for the data?

Question

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 standard error of the estimate,S_YX,for the data?

Quizplus · Accepted Answer

The Answer of 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 standard error of the estimate,S_YX,for the data? A)0.784 B)0.885 C)12.650 D)16.299

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