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 regression slope estimate, ?
A)0.784
B)0.885
C)12.650
D)16.299

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 regression slope estimate,  ?
A)0.784 
B)0.885 
C)12.650 
D)16.299

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 regression slope estimate,  ?
A)0.784 
B)0.885 
C)12.650 
D)16.299

SCENARIO 13-2 a Candy Bar Manufacturer Is Interested in Trying