TABLE 13-10
The management of a chain electronic store would like to develop a model for predicting the weekly sales (in thousands of dollars)for individual stores based on the number of customers who made purchases.A random sample of 12 stores yields the following results:
-True or False: Referring to Table 13-10,the mean weekly sales will increase by an estimated $10 for each additional purchasing customer.

Question

TABLE 13-10
The management of a chain electronic store would like to develop a model for predicting the weekly sales (in thousands of dollars)for individual stores based on the number of customers who made purchases.A random sample of 12 stores yields the following results: 
-True or False: Referring to Table 13-10,the mean weekly sales will increase by an estimated $10 for each additional purchasing customer.

Quizplus · Accepted Answer

The regression coefficient for the number of customers who made purchases is 10. This means that the mean weekly sales will increase by an estimated $10 for each additional purchasing customer.

TABLE 13-10 the Management of a Chain Electronic Store Would Like to Like