Question
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 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?
Plz help. I couldn't find the answer online to verify with my reading.
Also, what would it be if it had a correlation coefficient of +1 instead?
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 correlationStep by Step Solution
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Audit Analysis Part 1 Facts Of Auditing
Authors: Dr. L. KAILASAM
1st Edition
1670149455, 978-1670149459
