SCENARIO 13-2
a Candy Bar Manufacturer Is Interested in Trying $\beta$

question 53

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:

-Referring to Scenario 13-2,to test that the regression coefficient, $\beta$ ₁,is not equal to 0,what would be the critical values? Use ? = 0.05.

• A)\(\pm\) 2.5706
• B)\(\pm\)2.7764
• C)\(\pm\) 3.1634
• D)\(\pm\) 3.4954

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