Examlex

Solved

SCENARIO 13-2
a Candy Bar Manufacturer Is Interested in Trying Σ\Sigma

question 57

Multiple Choice

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:    -Referring to Scenario 13-2,what is  \Sigma ( X -  \bar{X}  ) <sup>2</sup> 1for these data? A) 0 B) 1.66 C) 2.54 D) 25.66
-Referring to Scenario 13-2,what is Σ\Sigma ( X - Xˉ\bar{X} ) 2 1for these data?


Definitions:

1875 Civil Rights Act

A significant United States federal law enacted to protect all citizens in their civil and legal rights, aiming to reduce racial discrimination.

Supreme Court

The highest judicial court in a country or state, which has the ultimate authority over all legal disputes.

Midwestern Farmers

Agricultural workers in the Midwestern United States, a region known for its significant contributions to national and global food supply.

Worldwide Surplus

A situation where the global production of goods exceeds the demand, often leading to decreased prices and economic imbalance.

Related Questions