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Question 22 Referring to Table 4, to test that the regression coefficient. [31, is not equal to 0, what would be the tcritical values? Use
Question 22 Referring to Table 4, to test that the regression coefficient. [31, is not equal to 0, what would be the tcritical values? Use a = 0.05. Question 23 Referring to Table 4, ifthe price ofthe candy bar is set at $2, the predicted sales will be Add your answer A candy bar manufacturer is interested in trying to estimate how sales are influenced by the price of their product. To do this, the company randomly chooses 6 small cities and offers the candy bar at different prices. Using candy bar sales as the dependent variable, the company will conduct a simple linear regression on the data below: City_ Price ($). 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
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