Question: D30. A correlation or r=-0.90 would indicate A. A strong negative relationship. B. Little or no relationship. C. A strong positive relationship. D. An error.

D30. A correlation or r=-0.90 would indicate A. A

D30. A correlation or r=-0.90 would indicate A. A strong negative relationship. B. Little or no relationship. C. A strong positive relationship. D. An error. D40. A model was constructed using income to predict sales. The model has an R-sq of 0.12. This means that: A. Only 12% of the time will the model predict the sales correctly. B. The model explains only 12% of the variance in sales. C. The error in sales predictions will be 12%. D. None of the above. D50. A regression analysis between sales (in $1000) and price (in dollars) resulted in the following equation: Yhat = 50,000-8x The above equation implies that an: A. increase of $1 in price is associated with a decrease of $8 in sales. B. increase of $8 in price is associated with an increase of $8,000 in sales. C. increase of $1 in price is associated with a decrease of $42,000 in sales. D. increase of $1 in price is associated with a decrease of $8000 in sales

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 General Management Questions!

Bodily-kinesthetic intelligence would be most important for people in which of the following jobs? a. Computer technicians b. Engineers c. Firefighters d. Managers If an organization uses a systems...

Curve-fitting Project - Linear Model (due at the end of Week 5) Instructions For this assignment, collect data exhibiting a relatively linear trend, find the line of best fit, plot the data and the...

Please help me with the following 28 questions! Only answer if you know the answers for sure. 1). A computer was purchased new in 2015. This table shows its value since 2015. Year Value of Computer...

Data Analysis Exercise 4 (DAX4)1DependentVariableDependentVariableThe data that we will use for this analysis will be from our labor dataset and the analysis we will do is called a linear regression....

200000 150000 Market Cap (millions of $) 100000 50 000 0 5000 10000 15 000 Profits (millions of $) 0 (a) Discuss what the scatter chart indicates about the relationship between profits and market...

1.in this article, go to the references list and identify the three most influential articles and rank them in order . (to determine how influential articles is to check Google scholar to see how...

Homework - Answered + Due Today, 11:59 PM A correlation or r=0.90 would indicate Select an answer and submit. For keyboard navigation, use the up/dewn arrow keys to select an anwee. a Astrong...

SOCI 311 Spring 2020 Syed Hammad Ali Final Exam Total Marks: 75 Name: Part A: Short Answer Questions - [40 Marks] 1. Which of the following statements best described the relationship between the...

Foundations of Business Statistics - Professor Fluture Materials from Professor Friedman HOMEWORK - REGRESSION REGRESSION In simple regression (one X variable and one Y variable), there are three...

A car is timed going down a track. Table 1 shows the distance the car is from the start line after it initially takes off. Table 2 shows the distance the car is from the finish line after it crosses...

What do the data from the FBI publication Crime in the United States indicate about delinquency in US society?

24. The Peoples Press is a local newspaper that is published Monday through Friday. It sells 90,000 copies daily. The paper is currently in a profit squeeze, and the publisher, Tom Turkey, is looking...

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...