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

question 118

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 mean change in the sales of the candy bar if price goes up by $1.00?

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

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Definitions:

Stress-Arousal Theory

proposes a connection between stress levels and physiological arousal, impacting an individual's performance and well-being.

Overload Theory

A psychological theory that suggests individuals or systems can only handle a limited amount of information or tasks before performance begins to deteriorate.

Status

Refers to the relative social, professional, or other standing of someone or something, often influencing power dynamics and interactions within a group.

Size of Territory

The concept in environmental psychology referring to the physical space controlled by an individual or group, impacting behavior and social relations.