Instruction 12 -Referring to Instruction 12

question 34

True/False

Instruction 12.34
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 12.34,the average weekly sales will increase by an estimated $0.01 for each additional purchasing customer.

---

Definitions:

Unemployment Rate

The portion of the labor force that is out of work and actively pursuing employment opportunities.

Accommodation

Living or travel arrangements made for people while away from home, or adjustment made to make something suitable.

Bureau of Labor Statistics

A unit of the United States Department of Labor, which is responsible for collecting, processing, and disseminating statistical data on labor economics.

Unemployment

The situation in which individuals who are capable of working and are actively seeking employment are unable to find a job.