A firm finds the coefficient of correlation between y = annual sales and x = annual expenditure

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A firm finds the coefficient of correlation between y = annual sales and x = annual expenditure on research and development to be r = 10.90. Comment on the likely direction of causation, if any, between these variables.

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Introduction To Business Statistics

ISBN: 9781111524081

7th Edition

Authors: Ronald M. Weiers

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Question Posted: Sep 08, 2015 07:34 AM

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A firm finds the coefficient of correlation between y = annual sales and x = annual expenditure

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Correlation does not necessarily imply causation of any kind Perhaps s...View the full answer

Introduction To Business Statistics

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