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

question 108

True/False

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

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Definitions:

Performance Analysis

The evaluation of the performance of a company, investment, or employee, often through the analysis of various financial metrics and ratios.

Profit Center

A segment or branch of a business responsible for generating its own revenue and profit.

Data Processing Department

A department within an organization that processes and manages data, turning raw data into usable information.

Tax Firm

is a company that specializes in offering tax services, including tax preparation, consultation, and filing for individuals and organizations.