Essay
Interpret the correlation coefficient for the following data:
Sales Sales Training Score
45,000 98
34,500 74
23,750 57
51,450 99
41,000 85
The resulting correlation coefficient is +.98 and the probability of insignificance is 3%.
Correct Answer:
Verified
There is a strong positive cor...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q2: A scatter plot compares actual data to
Q19: In regression,the unexplained variation is referred to
Q20: Which of the following techniques requires at
Q22: Bivariate statistical techniques are often used to
Q23: The R<sup>2 </sup>statistic ranges from -1 to
Q24: _ is the mathematical technique for fitting
Q27: An R<sup>2</sup>of 0 indicates no relationship between
Q30: _ are statistical methods of analyzing the
Q32: The least squares estimation procedure often results
Q35: One way to study the relationship between