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: $$\begin{array} { | l | l | }
\hline \text { Customers } & \text { Sales (Thousands of Dollars) } \
\hline 907 & 11.20 \
\hline 926 & 11.05 \
\hline 713 & 8.21 \
\hline 741 & 9.21 \
\hline 780 & 9.42 \
\hline 898 & 10.08 \
\hline 510 & 6.73 \
\hline 529 & 7.02 \
\hline 460 & 6.12 \
\hline 872 & 9.52 \
\hline 650 & 7.53 \
\hline 603 & 7.25 \
\hline
\end{array}$$
-Referring to Table 13-10, the average weekly sales will increase by an estimated $0.01 for each additional purchasing customer.

Question

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: $$\begin{array} { | l | l | } 
\hline \text { Customers } & \text { Sales (Thousands of Dollars) } \
\hline 907 & 11.20 \
\hline 926 & 11.05 \
\hline 713 & 8.21 \
\hline 741 & 9.21 \
\hline 780 & 9.42 \
\hline 898 & 10.08 \
\hline 510 & 6.73 \
\hline 529 & 7.02 \
\hline 460 & 6.12 \
\hline 872 & 9.52 \
\hline 650 & 7.53 \
\hline 603 & 7.25 \
\hline
\end{array}$$
-Referring to Table 13-10, the average weekly sales will increase by an estimated $0.01 for each additional purchasing customer.

Quizplus · Accepted Answer

The statement is a hypothesis that needs to be tested using statistical analysis, such as regression analysis, to determine the relationship between the number of customers and sales. The data provided alone does not confirm the specific increase in sales per additional customer.

TABLE 13-10 the Management of a Chainelectronicstore Would Like

TABLE 13-10
the Management of a Chainelectronicstore Would Like