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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
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 $) Sales Toowoomba 1.30 100 Broken Hill 1.60 90 Bendigo 1.80 90 Kalgoorlie 2.00 40 Launceston 2.40 38 PY Port Augusta 2.90 32
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