Solved

TABLE 13-10
the Management of a Chainelectronicstore Would Like

Question 52

True/False

TABLE 13-10
The management of a chainelectronicstore would like to develop a model for predicting the weekly sales (in thousandof dollars) for individual stores based on the number of customers whomade purchases. A random sample of 12 stores yields the followingresults:  Customers  Sales (Thousands of Dollars) 90711.2092611.057138.217419.217809.4289810.085106.735297.024606.128729.526507.536037.25\begin{array} { | l | l | } \hline \text { Customers } & \text { Sales (Thousands of Dollars) } \\\hline 907 & 11.20 \\\hline 926 & 11.05 \\\hline 713 & 8.21 \\\hline 741 & 9.21 \\\hline 780 & 9.42 \\\hline 898 & 10.08 \\\hline 510 & 6.73 \\\hline 529 & 7.02 \\\hline 460 & 6.12 \\\hline 872 & 9.52 \\\hline 650 & 7.53 \\\hline 603 & 7.25 \\\hline\end{array}
-Referring to Table 13-10, the average weekly sales will increase by an estimated $0.01 for each additional purchasing customer.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions