Examlex

Solved

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

question 94

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:  Customers  Sales  (Thousands of  Dollars) 90711.2092611.057138.217419.217809.4289810.085106.735297.024606.128729.526507.536037.25\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 are the degrees of freedom of the t test statistic when testing whether the number of customers who make a purchase affects weekly sales?


Definitions:

Gender Inequalities

Disparities between individuals based on their gender, often manifested in differences in economic, political, social, and cultural opportunities, rights, and treatment.

Health

A state of complete physical, mental, and social well-being, not just the absence of disease or infirmity.

60-day Note

A 60-day Note is a short-term financial instrument or promissory note that promises repayment of the principal, along with any agreed interest, within 60 days.

Related Questions