To inflate the correlation, a conniving manager added $200,000 to the actual sales amount for each store
Question:
To inflate the correlation, a conniving manager added $200,000 to the actual sales amount for each store in Exercise 25. Would this trickery make the correlation larger?
Data from exercises 25
If the correlation between number of customers and sales in dollars in retail stores is r = 0.6, then what would be the correlation if the sales were measured in thousands of dollars? In euros? (1 euro is worth about 1.2 to 1.5 dollars.)
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Related Book For
Statistics For Business Decision Making And Analysis
ISBN: 9780134497167
3rd Edition
Authors: Robert A. Stine, Dean Foster
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