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

question 31

Short Answer

SCENARIO 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:

-Referring to Scenario 13-10,construct a 95% confidence interval for the change in mean weekly sales when the number of customers who make purchases increases by one.

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Definitions:

Just-World Hypothesis

According to Lerner and Miller, people need to believe that the world is a just place where they get what they deserve. As evidence of undeserved suffering undermines this belief, people may conclude that victims deserve their fate.

Normative Influence

An influence to conform to the positive expectation of others, to gain social approval or to avoid social disapproval.

Modelling Effect

The process by which individuals learn behaviors, norms, or attitudes by observing the actions of others, often significant in social learning theory.

Vicarious Learning Experience

Learning that occurs by observing the actions and consequences of others' behaviors rather than through direct experience.