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 regressionon the databelow:
See attached file for full data.
Referring to the table what is the standard errorof the estimate, Syx, for data?
The solution gives the standard error of the estimate of the candy bar data.