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

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TABLE 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: TABLE 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 Table 13-2, 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
-Referring to Table 13-2, what is the estimated mean change in the sales of the candy bar if price goes up by $1.00?


Definitions:

Ethical Behavior

Conduct that is consistent with accepted principles of right or wrong governing the professional and personal behavior of individuals.

Influenced

The capacity or power of persons or things to be a compelling force on the actions, behavior, opinions, etc., of others.

Levels of Moral Development

A theory by Lawrence Kohlberg that proposes stages through which an individual's moral reasoning develops, impacting ethical decision-making.

Professional Salesperson

An individual who specializes in selling products or services, often employing a strategic and customer-focused approach to achieve sales objectives.

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