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

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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:
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, to test that the regression coefficient, β<sub>1</sub>, is not equal to 0, what would be the critical values? Use α = 0.05. A)  ± 2.5706 B)  ± 2.7765 C)  ± 3.1634 D)  ± 3.4954
-Referring to Table 13-2, to test that the regression coefficient, β1, is not equal to 0, what would be the critical values? Use α = 0.05.


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