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
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