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

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SCENARIO 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:
SCENARIO 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:    -<sup>Referring to Scenario 13-2,what is the standard error of the regression slope</sup><sup> </sup><sup>estimate,</sup><sup> </sup>S<sub>b<sub>1</sub></sub> <sup>?</sup>  A) 0.784 B) 0.885 C) 12.650 D) 16.299
-Referring to Scenario 13-2,what is the standard error of the regression slope estimate, Sb1 ?


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