A company using regression analysis to correlate income to a variety of sales indicators found that...
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A company using regression analysis to correlate income to a variety of sales indicators found that the relationship between the number of sales managers in a territory and net income for the territory had a correlation coefficient of -1. Which is the best description of this situation? Multiple Choice There is no correlation at all. More sales managers should be hired. Perfect inverse correlation. Imperfect negative correlation. A company using regression analysis to correlate income to a variety of sales indicators found that the relationship between the number of sales managers in a territory and net income for the territory had a correlation coefficient of -1. Which is the best description of this situation? Multiple Choice There is no correlation at all. More sales managers should be hired. Perfect inverse correlation. Imperfect negative correlation.
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Answer Perfect Inverse Correlation Correlation is the Relation Between the Two Variables w... View the full answer
Related Book For
Introductory Statistics Exploring the World Through Data
ISBN: 978-0321978271
2nd edition
Authors: Robert Gould, Colleen Ryan
Posted Date:
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