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TABLE 13-11
A computer software developer would like to use the number of downloads (in thousands) for the trial version of his new shareware to predict the amount of revenue (in thousands of dollars) he can make on the full version of the new shareware. Following is the output from a simple linear regression along with the residual plot and normal probability plot obtained from a data set of 30 different sharewares that he has developed:
-Referring to Table 13-11, which of the following assumptions appears to have been violated?
Markup Percent
The percentage increase on the cost price of goods to determine the selling price, representing the profit margin.
Cost
The amount of money required to purchase, produce, or maintain something, often considered in business and financial contexts.
Markup Percent
The percentage increase on the cost price of goods to arrive at the selling price.
Selling Price
The amount of money for which a product or service is sold to customers.
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