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    Simple linear regression

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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 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:

    (see table in attached file)

    Referring to the table if the price of the candy bar is set at $2, the predicted sales will be

    a. 30
    b. 65
    c. 90
    d. 100

    © BrainMass Inc. brainmass.com June 3, 2020, 7:11 pm ad1c9bdddf
    https://brainmass.com/statistics/regression-analysis/simple-linear-regression-89014

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    Solution Summary

    Solution calculate predicted sales if the price of the candy bar is set at $2.

    $2.19

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