不 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 six 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. What is the estimated slope for the candy bar price and sales data? Round to three decimal places City Price (3) Sales 1.30 100 90 90 River Fals Hudson Ellsworth Prescott Rock Elm Stilwater OA 0.784 OB -3.810 OC. 161.366 OD. -48.193 1.60 1.80 2.00 2.40 2.90 40 38 32 +

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
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Chapter1: Equations And Graphs
Section1.FOM: Focus On Modeling: Fitting Lines To Data
Problem 12P: Demand for Candy Bars In this problem you will determine a linear demand equation that describes the...
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vishu

Subject-Accounting

K
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 six 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. What is the estimated slope for the candy bar price and sales data? Round to three decimal
places.
City Price (3) Sales
1.30
100
1.60
90
1.80
90
40
38
32
River Falls
Hudson
Ellsworth
Prescott
Rock Elm
Stillwater
OA 0.764
OB -3.810
OC 161.386
OD. -48.193
2.00
2.40
2.90
+
Transcribed Image Text:K 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 six 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. What is the estimated slope for the candy bar price and sales data? Round to three decimal places. City Price (3) Sales 1.30 100 1.60 90 1.80 90 40 38 32 River Falls Hudson Ellsworth Prescott Rock Elm Stillwater OA 0.764 OB -3.810 OC 161.386 OD. -48.193 2.00 2.40 2.90 +
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