SCENARIO 12-2
a Candy Bar Manufacturer Is Interested in Trying

question 149

Multiple Choice

SCENARIO 12-2
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: $\begin{array}{llr}\text { City }&\text { Price(\$) }&\text { Sales }\\\text { River Falls } & 1.30 & 100 \\\text { Hudson } & 1.60 & 90 \\\text { Ellsworth } & 1.80 & 90 \\\text { Prescott } & 2.00 & 40 \\\text { Rock Elm } & 2.40 & 38 \\\text { Stillwater } & 2.90 & 32\end{array}$
-Referring to Scenario 12-2, what is the estimated slope for the candy bar price and sales data?

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

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Definitions:

Bargaining Structure

The framework within which collective bargaining negotiations occur, including the levels at which negotiations are conducted and the parties involved.

Associate Union Membership

Alternative form of union membership in which members receive discounts on insurance and credit cards rather than representation in collective bargaining.

Collective Bargaining

The process of negotiation between employers and a group of employees (often represented by a union) aimed at reaching agreements to regulate working conditions, wages, and benefits.

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A method used by workers to form a union in which they express their desire to unionize through signed authorization cards.