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

question 11

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 p-value of the t test statistic when testing whether the number of customers who make purchases affects weekly sales?

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Definitions:

Earnings Expected

The projected income a company anticipates generating over a specific period, often used by investors to gauge future profitability.

Uneven Cash Flows

Refers to cash inflows or outflows that vary in amount over different periods, not following a uniform pattern.

Nominal Rate

The stated interest rate of a bond or loan, which does not account for inflation or compounding effects.

Fifth Payment

Typically refers to the fifth installment of a scheduled series of payments.