Question: 46. Using regression analysis, Fairfield Co. graphed the following relationship of its cheapest product lines sales with its customers income levels: If there is a
46. Using regression analysis, Fairfield Co. graphed the following relationship of its cheapest product line’s sales with its customers’ income levels:
If there is a strong statistical relationship between the sales and customers’ income levels, which of the following numbers best represents the correlation coefficient for this relationship?
a. -9.00
b. -0.93
** CMA adapted
c. +0.93
d. +9.00
Sales $ Income levels increasing
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