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

question 87

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, if the price of the candy bar is set at $2, the estimated average sales will be

• A) 30
• B) 65
• C) 90
• D) 100

---

Definitions:

Simplify

To simplify means to make something less complex or easier to understand, often by reducing it to its basic components.

Exponent Laws

Mathematical rules governing operations involving powers, such as multiplication and division of exponents.

Simplify

To make a complex problem or equation easier to understand or solve by reducing it to its basic components.

Evaluate

The process of determining the value of an algebraic expression by substituting the values of the variables and performing the operations indicated.