Examlex

Solved

Instruction 12 -Referring to Instruction 12

question 117

Multiple Choice

Instruction 12.2
A chocolate 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 six country towns and cities and offers the chocolate bar at different prices. Using chocolate bar sales as the dependent variable, the company will conduct a simple linear regression on the data below:
 City  Price($)   Syles  Toowoomba 1.30100 Broken Hill 1.6050 Bendigo 1.8050 Kalgoorlie 2.0040 Launceston 2.4038 Port Augusta 2.5032\begin{array} { | l | l | l | } \hline \text { City } & \text { Price(\$) } & \text { Syles } \\\hline \text { Toowoomba } & 1.30 & 100 \\\hline \text { Broken Hill } & 1.60 & 50 \\\hline \text { Bendigo } & 1.80 & 50 \\\hline \text { Kalgoorlie } & 2.00 & 40 \\\hline \text { Launceston } & 2.40 & 38 \\\hline \text { Port Augusta } & 2.50 & 32 \\\hline\end{array}
-Referring to Instruction 12.2,if the price of the chocolate bar is set at $2,the predicted sales will be


Definitions:

Picket Line

A boundary established by workers on strike, especially at the entrance to the place of work, intended to dissuade or prevent others from entering or leaving.

Canada Labour Code

Federal legislation that regulates employment standards, labour relations, and workplace health and safety in Canada.

Legal Obligation

A duty enforced by law, requiring an individual or organization to follow a specific course of action.

Committed by Employee

Acts or omissions undertaken by an individual in the course of their employment or as part of their job responsibilities.

Related Questions