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

question 186

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,if the price of the candy bar is set at $2,the predicted sales will be

• A)30
• B)65
• C)90
• D)100

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Definitions:

Separate Financial Statements

Financial statements presented by a parent or an investment entity that displays its investments in subsidiaries, associates, and joint ventures at cost or in accordance with specified financial instruments standards.

Reporting Entity

An entity, including companies and governments, that is required to present its financial statements to external users.

Percentage Of Ownership

Refers to the fraction of a company's shares that an individual or entity owns, typically expressed as a percentage of the total shares.

Financial Statements

Reports that summarize the financial performance, position, and cash flows of a business over a specific period.