If two variables are highly correlated, does this imply that changes in one cause changes in the
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
Causality is a common misconception in correlation stu...View the full answer
Answered By
Omar ELmoursi
I'm Omar, I have Bachelor degree in Business and Finance, My unique approach is to help students with questions and assignments, I can teach Business, Math, Accounting, Managerial Accounting, Economy, Human resources management, organizational behavior, project management, I have experience dealing with different types of students and teach them how to deal with different types of exercises.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Business Analytics Data Analysis and Decision Making
ISBN: 978-1305947542
6th edition
Authors: S. Christian Albright, Wayne L. Winston
Question Posted:
Students also viewed these Statistics questions
-
Refer to Exercise 13.54. a. Is there a strong correlation between any of the pairs of explanatory variables? What problems may result if several of the explanatory variables are highly correlated? b....
-
The file S03_63.xlsx contains financial data on 85 U.S. companies in the Computer and Electronic Product Manufacturing sector (NAICS code 334) with 2009 earnings before taxes of at least $10,000....
-
Suppose that you are interested in estimating the ceteris paribus relationship between y and xi. For this purpose, you can collect data on two control variables, x2 and x3 (For concreteness, you...
-
Given the following table of assets held at death, how much is the probate estate worth? Asset Value (millions) Notes Investments $7 Retirement Account $6 Named Beneficiary Residence $4 Joint Tenancy...
-
The units of an item available for sale during the year were as follows: There are 48 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the...
-
Find an example of a firm that is using lean manufacturing concepts. Has the company realized any improvements? What are they?
-
Use Table 1, or software, to find (a) \(B(7 ; 18,0.45)\); (b) \(b(7 ; 18,0.45)\); (c) \(B(8 ; 11,0.95)\); (d) \(b(8 ; 11,0.95)\); (e) \(\sum_{k=4}^{11} b(k ; 11,0.35)\); (f) \(\sum_{k=2}^{4} b(k ;...
-
At the end of the current year, the accounts receivable account of Parkers Nursery Supplies has a debit balance of $350,000. Credit sales are $2,300,000. Record the end-of-period adjusting entry on...
-
Cost of common stock equity Ross Textiles wishes to measure its cost of common stock equity. The firm's stock is curently seling for $4053. The firm just recently paid a dividend of 54.01. The fient...
-
On December 1, a six-month liability insurance policy was purchased for $900. Analyze the required adjustment as of December 31 using T accounts, and then formally enter this adjustment in the...
-
Suppose you have data on student achievement in high school for each of many school districts. In spreadsheet format, the school district is in column A, and various student achievement measures are...
-
Suppose there are two commodities A and B with strongly negatively correlated daily returns, such as a stock and gold. Is it possible to find another commodity with daily returns that are strongly...
-
As described in the case, Dupont has a sprawling business portfolio. What are the advantages and disadvantages of this? Youve heard of DuPont, but can you name any product it makes? Probably not....
-
Find the number of times each digit is present in each integer. The goal of the program is to learn about arrays in java. Example: if the given integer is 222233344 then the output must print the...
-
What is a perfectly inelastic demand? Explain with examples.
-
import java.util.Scanner; public class VerticalDisplacement { public static void main(String[] args) { Scanner input = new Scanner(System.in); System.out.print("Enter the free fall's duration in...
-
Core Company is considering the purchase of a new machine to replace a machine that was purchased several years ago. Selected information on the two machines is given below: Original cost when new...
-
With the increasing prominence of ecosystem-based business models and strategic partnerships, how do companies cultivate collaborative networks and alliances to amplify capabilities, co-create value,...
-
Detection limit. In spectrophotometry, we measure the concentration of analyte by its absorbance of light. A low-concentration sample was prepared, and nine replicate measurements gave absorbances of...
-
Coastal Refining Company operates a refinery with a distillation capacity of 12,000 barrels per day. As a new member of Coastal's management team, you have been given the task of developing a...
-
Will the chi-square test ever conclude, at the 5% significance level, that data are not normally distributed when you know that they are? Check this with simulation. Specifically, generate n normally...
-
The director of admissions of a top-20 MBA program is interested in studying the proportion of entering students in similar graduate business programs who have achieved a composite score on the...
-
The CEO of a medical supply company is committed to expanding the proportion of highly qualified women in the organizations large staff of salespersons. Given the recent hiring practices of his human...
-
Use the extension of set-builder notation concepts and the roster method to write the given set. D= {2x-91xE N and x < 5}
-
Statement of financial position/Balance sheet structure Level of difficulty: Moderate Chugoku Electric Power Company, Inc., was established in 1951 as one of ten electric power companies in Japan. It...
-
60.Blackstone Company uses a process costing system and has 14,000 units remaining in the work-in-process inventory. These units are 75% and 40% complete with regard to materials and conversions...
Study smarter with the SolutionInn App