Instruction 12 -Referring to Instruction 12

question 151

True/False

Instruction 12.9
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:
$$\begin{array} { | c | c | } \hline \text { Customers } & \text { Sales (Thousands of Dollars) } \\\hline 907 & 11.20 \\\hline 926 & 11.05 \\\hline 713 & 8.21 \\\hline 741 & 9.21 \\\hline 780 & 9.42 \\\hline 898 & 10.08 \\\hline 510 & 6.73 \\\hline 529 & 7.02 \\\hline 460 & 6.12 \\\hline 872 & 9.52 \\\hline 650 & 7.53 \\\hline 603 & 7.25 \\\hline\end{array}$$
-Referring to Instruction 12.9,93.98% 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:

Program Objectives

Describes the specific, measurable outcomes that a program aims to achieve within a set timeframe.

Nonprofit Organizations

Entities dedicated to furthering a particular social cause or advocating for a shared point of interest without intent to distribute profits to members.

Strategic Planning

The process of defining an organization's direction and making decisions on allocating its resources to pursue this strategy.

Increased Revenue

The growth in the total amount of money earned or received by an organization, typically as a result of enhanced sales or services.