Practical Operations Management
Practical Operations Management
2nd Edition
ISBN: 9781939297136
Author: Simpson
Publisher: HERCHER PUBLISHING,INCORPORATED
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Chapter 4, Problem 12P
Summary Introduction

Interpretation:Identifying the smallest value or perhaps equal value of correlation coefficient or coefficient of determination after assuming that data of same set was used in their calculation.

Concept Introduction:Correlation refers to the measurement that identifies the relationship between two variables indicating correlated or not and its value lies in between -1 and +1. Negative value signifies their correlation as antithetically correlated and positive value as both variables moving towards same direction and no correlation in between when value is zero.

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