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Question 20 1.5 Points A candy bar manufacturer is interested in trying to estimate how sales are influenced by the price of their product. To
Question 20 1.5 Points 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: City_ Price ($) Sales River Falls 1.30 100 Hudson 1.60 90 Ellsworth 1.80 90 Prescott 2.00 40 Rock Elm 2.40 38 Stillwater 2.90 32 Referring to Table 4, what is the estimated slope for the candy bar price and sales data? Add your answer Question 21 1.5 Points Referring to Table 4, what percentage of the total variation in candy bar sales is explained by prices? Add your
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