TABLE 13-2
a Candy Bar Manufacturer Is Interested in Trying

question 14

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:
$$\begin{array} { l l c } \hline \text { City } & \text { Price } ( \$ ) & \text { Sales } \\\hline \text { River Falls } & 1.30 & 100 \\\text { Hudson } & 1.60 & 90 \\\text { Ellsworth } & 1.80 & 90 \\\text { Prescott } & 2.00 & 40 \\\text { Rock Elm } & 2.40 & 38 \\\text { Stillwater } & 2.90 & 32 \\\hline\end{array}$$
-Referring to Table 13-2, what is the estimated average change in the sales of the candy bar if price goes up by $1.00?

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

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Definitions:

Self-Supporting Adult

An individual who has achieved economic independence and can financially sustain themselves without relying on others.

Gender Schema Theory

A theory suggesting that individuals learn about gender roles and develop gender-based beliefs through cultural and social interactions.

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Regular and recurrent ways of thinking, feeling, or behaving that are characteristic of an individual.

Male Or Female

Terms denoting the two primary categories of sex in many species, including humans, often based on reproductive roles and anatomy.