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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
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:
Price Sales 1.30 100 1.60 90 1.80 90 2.00 40 2.40 38 2.90 32Step by Step Solution
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