A company wishes to know whether advertising expenditure is related to sales volume. Using the past two years data for these two variables, they determined the correlation coefficient is +0.93. This indicates
A company wishes to know whether advertising expenditure is related to sales volume. Using the past two years data for these two variables, they determined the correlation coefficient is +0.93. This indicates
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:A company wishes to know whether advertising expenditure is related to sales volume. Using the past two years of data for these two variables, they determined the correlation coefficient is +0.93. This indicates
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a strong indirect relationship between advertising expenditure and sales volume.
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a weak indirect relationship between advertising expenditure and sales volume.
a strong direct relationship between advertising expenditure and sales volume.
a weak direct relationship between advertising expenditure and sales volume.
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