TABLE 12-11 A Computer Software Developer Would Like to Use the Number

question 132

Short Answer

TABLE 12-11
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 12-11, predict the revenue when the number of downloads is 30 thousands.

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Definitions:

Marginal Revenue

The additional income gained from selling one more unit of a good or service.

Prefabricated Garages

Garages that are manufactured in sections off-site and then assembled on-site, providing a quick and often cost-effective building solution.

Sales Schedule

A detailed plan that outlines the expected timing and quantity of sales of a product or service.

Price Makers

Firms that possess the power to set the price of a good or service because of a lack of competition or the unique nature of the product.