math

Bill is doing a project for you in the marketing department. Ln conducting his analysis regarding consumer behavior and a new product that has come out, he tells you the correlation between these two variables is 1.09. What is your response to this analysis.

Judy conducted an analysis for her supervisor. The result she obtained was a correlation coefficient that was negative 0.86. Judy us confused by the number and feels that because it is negative and not positive, it means that it is bad. You are her supervisor. How would you clarify this result for Judy regarding the meaning of the correlation?

  1. 👍 0
  2. 👎 0
  3. 👁 255
asked by Erma
  1. A) correlation coefficient is between -1 and +1 , not 1.09

    B) negative coefficient means that y is pretty well correlated with negative x. It is pretty much a straight line but with negative slope. like y = -5x + 3

    http://www.dmstat1.com/res/TheCorrelationCoefficientDefined.html

    1. 👍 0
    2. 👎 0
    posted by Damon
  2. Judy has conducted an analysis for her supervisor. The result she obtained was a correlation coefficient that was negative 0.86. Judy is confused by this number and feels that because it is negative and not positive is means that it is bad. You are her supervisor. How would you clarify this result for Judy regarding the meaning of the correlation?

    1. 👍 0
    2. 👎 0

Respond to this Question

First Name

Your Response

Similar Questions

  1. Principles of Business

    Approximately how many people work in the: Finance Department? Sales Department? Purchasing Department? Personnel Department? Production Department? Marketing Department? Advertising Department? Legal Department? Administration

    asked by kerrae-rae on February 14, 2011
  2. Business Mathematics

    In finance department of a certain company, there are twice as many men as women and in the marketing department there are ten more men than women. The number of women in both departments is the same and there are two more workers

    asked by Ally on April 20, 2011
  3. marketing

    When conducting marketing research- how much of a factor do you believe these internal influences are? How would a marketing group go about researching this?

    asked by scooby9132002 on May 14, 2009
  4. a

    Susan Rojas is applying for a position in the marketing department of a local corporation. Although Greg Ellis is the director of this department, she has been instructed to send her resume and other documents to Jeff Cohen,

    asked by Anonymous on July 11, 2011
  5. Managerial Finance & Accounting

    P10-9 Performance Evaluations (M324) - Objs. 2, 5 The Promotion and Advertising Department at Jefferson Corporation coordinates point of purchase promotions for its distributors. Employees of this department are graphic arts or

    asked by Anonymous on October 12, 2010
  1. Project Management

    Evaluating the Two Methods of Risk Analysis Explain how the results in both quantitative and qualitative analysis are used in both recommending moving forward with a project and planning a project. • Analyze and explain the

    asked by animal on October 5, 2008
  2. International Buisness

    The marketing department is asked to formulate a strategy for disseminating product information on new drug Tigason. As the marketing manager what do you recommend?

    asked by Maggie on February 22, 2012
  3. Civics

    When conducting a stakeholder analysis, a group identifies the individuals or groups affected by a proposal action. A citizen group wants to open a new youth center in a location currently zoned for light residential use. The

    asked by jeje on January 18, 2015
  4. marketing

    Select a product or service you would like to introduce to the marketplace. It may be from an existing company or a new concept. Prepare a 1,750- to 2,100-word marketing plan for your selected product or service. Include the

    asked by george on June 17, 2010
  5. c+=

    true life magazine wants an analysis of the demographic characteristics of readers in c++ the marketing department has collectedreader survey records containing the age , gender , marital status ,and annual income of readers the

    asked by Anonymous on April 7, 2013

More Similar Questions