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

question 76

Multiple Choice

TABLE 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 Table 13-2, what is the estimated slope for the candy bar price and sales data?

• A) 161.386
• B) 0.784
• C) -3.810
• D) -48.193

---

Definitions:

Job Description

A job description outlines the responsibilities, duties, qualifications, and requirements of a specific job position within an organization.

Tasks

Specific duties or activities that are assigned or required to be completed as part of a job or project.

Knowledge

The understanding, awareness, or familiarity gained through education, experience, or association.

Replacement Planning

The process of identifying and developing successors for key positions within an organization to ensure business continuity.