不 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 six 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. What is the estimated slope for the candy bar price and sales data? Round to three decimal places City Price (3) Sales 1.30 100 90 90 River Fals Hudson Ellsworth Prescott Rock Elm Stilwater OA 0.784 OB -3.810 OC. 161.366 OD. -48.193 1.60 1.80 2.00 2.40 2.90 40 38 32 +

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question

vishu

Subject-Accounting

K
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 six 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. What is the estimated slope for the candy bar price and sales data? Round to three decimal
places.
City Price (3) Sales
1.30
100
1.60
90
1.80
90
40
38
32
River Falls
Hudson
Ellsworth
Prescott
Rock Elm
Stillwater
OA 0.764
OB -3.810
OC 161.386
OD. -48.193
2.00
2.40
2.90
+
Transcribed Image Text:K 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 six 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. What is the estimated slope for the candy bar price and sales data? Round to three decimal places. City Price (3) Sales 1.30 100 1.60 90 1.80 90 40 38 32 River Falls Hudson Ellsworth Prescott Rock Elm Stillwater OA 0.764 OB -3.810 OC 161.386 OD. -48.193 2.00 2.40 2.90 +
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman