A candy bar manufacturer is interested in trying to estimate how sales are influenced by the price of their product. To dothis, the company randomly chooses 6 small cities and offers the candy bar at different prices. Using candy bar sales as the dependentvariable, the company will conduct a simple linear regression on the data shown to the right.

What is the standard error of theestimate, SYX, for thedata?

City

City A

City B

City C

City D

City E

City F

Price ($)

1.30

1.60

1.80

2.00

2.40

2.90

Sales

100

90

90

40

38

32

SHOW YOUR WORK. SHOW THE FORMULAS USING THE CALCULATOR