SCENARIO 12-10
the Management of a Chain Electronic Store Would

question 189

Short Answer

SCENARIO 12-10
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: $$\begin{array} { | l | c | } \hline \text { Customers } & \begin{array} { l } \text { Sales } \\\text { (Thousands of } \\\text { Dollars) }\end{array} \\\hline 907 & 11.20 \\\hline 926 & 11.05 \\\hline 713 & 8.21 \\\hline 741 & 9.21 \\\hline 780 & 9.42 \\\hline 898 & 10.08 \\\hline 510 & 6.73 \\\hline 529 & 7.02 \\\hline 460 & 6.12 \\\hline 872 & 9.52 \\\hline 650 & 7.53 \\\hline 603 & 7.25 \\\hline\end{array}$$
-Referring to Scenario 12-10, what is the value of the standard error of the estimate?

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Definitions:

Pronoun Case

Refers to the form of a pronoun based on its function in a sentence, such as subjective (I, we), objective (me, us), and possessive (my, our).

Correct Case

The appropriate or accurate grammatical case (nominative, accusative, etc.) used in a language.

Capitalization

The use of uppercase letters at the beginning of sentences or proper nouns; also refers to the total value of a company's shares on the stock market.

Microcomputers

Small-scale computers designed for individual use, offering processing capabilities for software applications and internet access, typical examples include personal computers and laptops.