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A regional high-end specialty supermarket is considering opening a new store and is curious about the relationship between demographic data and the store sales in
A regional high-end specialty supermarket is considering opening a new store and is curious about the relationship between demographic data and the store sales in the existing stores. For example, are store sales related to the population in the town where the store is located? Data for 9 stores in 2018 is presented below. Population is given in thousands and annual sales in $$ millions.
Population | 25 | 43 | 71 | 57 | 19 | 37 | 55 | 32 | 38 |
2018 Sales | 0.89 | 1.15 | 2.30 | 1.86 | 0.97 | 1.97 | 2.84 | 1.24 | 1.36 |
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