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

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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 is the value of the standard error of the estimate?

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Definitions:

Gas Mileage

The distance a vehicle can travel per unit volume of fuel, usually measured in miles per gallon (mpg) or kilometers per liter (km/l).

Scatterplot

A graphical representation of data using Cartesian coordinates to display values for two variables for a set of data, revealing any correlations between them.

Scatterplot

A visual diagram that illustrates the connection between two numerical variables.

Quantitative Variables

Variables that express numerical amounts, with meaningful mathematical operations possible on their values.

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