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

question 75

Essay

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:
 Customers  Sales (Thousands of Dollars) 90711.2092611.057138.217419.217809.4269810.085106.735297.024606.128729.526507.536037.25\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,generate the residual plot.


Definitions:

Performance Measurement

The process of evaluating the efficiency and effectiveness of action, often through quantifiable metrics or benchmarks.

Output Standards

The specific quantitative measurements or outcomes expected from a job or task.

Task Performance

The execution or accomplishment of specific work-related activities or responsibilities.

Relative Approach

An approach that considers context and circumstances, understanding that perceptions and solutions may vary depending on specific situations.

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