Instruction 12-10
the Management of a Chain Electronic Store Would

question 19

Short Answer

Instruction 12-10
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:
$$\begin{array} { | c | c | } \hline \text { Customers } & \text { Sales (Thousands of Dollars) } \\\hline 907 & 11.20 \\\hline 926 & 11.05 \\\hline 713 & 8.21 \\\hline 741 & 9.21 \\\hline 780 & 9.42 \\\hline 698 & 10.08 \\\hline 510 & 6.73 \\\hline 529 & 7.02 \\\hline 460 & 6.12 \\\hline 872 & 9.52 \\\hline 650 & 7.53 \\\hline 603 & 7.25 \\\hline\end{array}$$
-Referring to Instruction 12-10,what is the value of the coefficient of correlation?

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Definitions:

Net Property, Plant, And Equipment

This term refers to the aggregate amount of a company's physical assets (property, plant, and equipment) minus any accumulated depreciation, representing the actual value of these assets on the balance sheet.

Total Dollar Amount

The aggregate or total value expressed in dollars; often refers to the total sum of money involved in a transaction or financial statement item.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations, calculated as current assets divided by current liabilities.

Current Liabilities

Short-term financial obligations that are due to be paid within one fiscal year or the operating cycle, whichever is longer.