Question
1. A company has found that profits vary almost proportionally with market share - as market share increases, so do profits. The relationship between these
1. A company has found that profits vary almost proportionally with market share - as market share increases, so do profits. The relationship between these two variables can be described as...
a. Negative
b. Positive
c. Neither positive nor negative
d.Positive or negative, depending on the observation
2. A scatter plot is useful in which of the following situations?
a.A study on the impact of high school grades on the profession at an age of 25.
b. A study on the relation between the amount of money spent on advertising and market share
c.A clinical study that evaluates the success of a new medicine in eliminating a certain disease.
d.A market study to evaluate consumer reaction to three different types of new design for a given product.
3. A company has found that profits vary almost proportionally with market share - as market share increases, so do profits. The relationship between these two variables can be described as...
a.Negative
b.Positive
c.Neither positive nor negative
d.Positive or negative, depending on the observation
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