Question: A candy store chain is interested in understanding how their sales are influenced by the price of the product. They price the same candy bar
A candy store chain is interested in understanding how their sales are influenced by the price of the product. They price the same candy bar differently in 6 different cities of similar characteristics and collect sales data. Here is the data: City A: $1.30, 100 bars sold City B: $1.60, 90 bars sold City C $1.80, 90 bars sold City D $2.00, 40 bars sold City C $2.40, 38 bars sold City C $2.90, 32 bars sold If they feel that sales are dependent upon price, what is the estimated slope for this data? -48.193 161.39 0.784 -3.81
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