Instruction 12 -Referring to Instruction 12

question 98

Short Answer

Instruction 12.16
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:
$$\begin{array} { | l | c | } \hline \text { Customers } & \text { Sales (Thousands of Dollars) } \\\hline 907 & 11.20 \\\hline 926 & 11.05 \\\hline 713 & 8.21 \\\hline 741 & 9.21 \\\hline 780 & 9.42 \\\hline 898 & 10.08 \\\hline 510 & 6.73 \\\hline 529 & 7.02 \\\hline 460 & 6.12 \\\hline 872 & 9.52 \\\hline 650 & 7.53 \\\hline 603 & 7.25 \\\hline\end{array}$$
-Referring to Instruction 12.16,what is the value of the coefficient of determination?

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Definitions:

Depreciation

Reduction in the value of an asset over time due to use and wear.

Cash Flow From Assets

The total amount of cash generated by a company from its operating activities, investment activities, and financing activities.

Taxable Income

Taxable income refers to the amount of an individual's or business's income used to determine how much tax they owe to the government in a given tax year, after all deductions and exemptions.

Tax Rates

The percentage at which an individual or corporation is taxed by the government, which can vary based on income level, type of income, and other factors.