Question: 14. (LO 7.5) A company calculated the correlation between sending paper catalogs to customers and sales revenue. The correlation coefficient was 0.92. What does this

14. (LO 7.5) A company calculated the correlation between sending paper catalogs to customers and sales revenue. The correlation coefficient was 0.92. What does this value indicate?

a. Sending paper catalogs and sales revenue are weakly related.

b. Sending paper catalogs is negatively related to sales revenue.

c. Sending paper catalogs is positively related to sales revenue.

d. There is no relationship between sending paper catalogs and sales revenue.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Essentials Business Analytics Questions!