Instruction 12 -Referring to Instruction 12

question 101

Short Answer

Instruction 12.40
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 12.40,construct a 95% prediction interval for the weekly sales of a store that has 600 purchasing customers.

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Definitions:

Repetitive Process

A product-oriented production process that uses modules.

Assembly Line

A production process that breaks down the manufacture of a good into steps that are completed in a pre-defined sequence, enhancing efficiency through specialization and mechanization.

Automated Storage

Systems designed to automatically store and retrieve items, improving efficiency and reducing manual labor in warehouses.

Retrieval Systems

Mechanisms or processes used for recovering information or items from storage locations.