# Standard error of estimate

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 attached file for full data.

Referring to the table what is the standard error of the estimate, Syx, for data?

A. 0.784

B. 0.885

C. 12.650

D. 16.299

https://brainmass.com/statistics/standard-error/standard-error-of-estimate-89012

#### Solution Summary

The solution gives the standard error of the estimate of the candy bar data.

$2.19