You go to a bunch of stores and collect data on the price of the bed set.

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You go to a bunch of stores and collect data on the price of the bed set. You want to estimate a relationship between the thread count of a bed set and the price of the bed set. The results show that r²=0.01. Do a brief commentary of this value.

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Managerial Economics and Organizational Architecture

ISBN: 978-0073375823

5th edition

Authors: James Brickley, Jerold Zimmerman, Clifford W. Smith Jr

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Posted Date: Dec 02, 2020 01:48 AM

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You go to a bunch of stores and collect data on the price of the bed set.

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In this case the researcher intends to examine or measure the statistical or empirical relationship or association between the number of threads and t... View the full answer

Managerial Economics and Organizational Architecture

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