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

question 155

True/False

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, 93.98% of the total variation in weekly sales can be explained by the variation in the number of customers who make purchases.

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Definitions:

Perceptual Component

An essential part of perception involving the interpretation and organization of sensory information to understand an object or event.

Autonomic Arousal

The activation of the autonomic nervous system, leading to physical responses such as increased heart rate or sweating.

Increased Digestion

An enhancement in the process by which food is broken down by the body to be absorbed into the bloodstream for nourishment.

Dilation

The process of widening or expanding an opening or structure in the body.