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,what is the estimated mean change in the sales of the candy bar if price goes up by $1.00?
Definitions:
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Required or obligatory, implying that it must be done or adhered to without choice.
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A request made to a bank by an account holder not to pay out on a check or payment that has been issued but not yet processed.
Reimburse
To pay back or compensate someone for expenses they have incurred.
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A legal means to seek enforcement of or redress for an obligation, right, or injury.
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