Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 27, 2024

Consider a correlation coefficient of .095 between variables A and B. The correlation coefficient was calculated from a sample of 1100 respondents and is statistically

Consider a correlation coefficient of .095 between variables A and B. The correlation coefficient was calculated from a sample of 1100 respondents and is statistically significant, p < .0001. Also, consider a correlation coefficient of .891 between variables C and D. The correlation coefficient was calculated from a sample of 15 observations and is statistically nonsignificant, p > .10.

So, when should marketing analysts consider a correlation strong enough to even consider given the issue raised above?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Leading And Collaborating In A Competitive World

Authors: Thomas S Bateman, Scott A Snell, Robert Konopaske

15th International Edition

978-1265051303

Students also viewed these Mathematics questions

Question

★★★★★

All persons running for public office must report the amounts of money spent during their campaigns. Political scientists have contended that female candidates generally find it difficult to raise...

Answered: 1 week ago

Question

★★★★★

=+Dependent variable is: Rate 44 total cases of which 13 are missing R squared = 17.2% R squared (adjusted) = 14.4% s = 3.164 with 31 - 2 = 29 degrees of freedom Variable Coefficient SE(Coeff)...

Answered: 1 week ago

Question

★★★★★

Tiny Town Kennel earns service revenue by caring for the pets of customers. Tiny Town Kennel is organized as a corporation. During the past month, Tiny Town Kennel has the following transactions: a....

Answered: 1 week ago

Question

★★★★★

Imagine you have won the lump sum amount of $ 1500 in a recent contest. However, you must wait until the end of 10 years to receive the money. However, you would prefer a different pattern of...

Answered: 1 week ago

Question

★★★★★

E17-4 (LO1) (Entries for Available-for-Sale Securities) Assume the same information as in E17-3 except that the securities are classified as available-for-sale. The fair value of the bonds at...

Answered: 1 week ago

Question

★★★★★

Mr. Jones is contemplating retirement. He has just celebrated his 55th birthday and his net worth is $2 million. He hopes that after retirement he can maintain a lifestyle that costs him $100,000 per...

Answered: 1 week ago

Question

★★★★★

5. A manager of a Merchandising firm wishes to test whether its three salesmen X, Y and Z tend to make sales of the same size or whether they differ in their selling abilities. During a week there...

Answered: 1 week ago

Question

★★★★★

What is one way a professional running a lineup can make the procedure suggestible to an eyewitness? A) encouraging the witness when they identify the suspect B) remaining silent when witnesses make...

Answered: 1 week ago

Question

★★★★★

Suppose that 3000 drivers in Wakanda were randomly breath-tested on 21 April 2019 and 116 were above the limit of 0.05 blood-alcohol level. On 15 May 2019, 4000 drivers were tested and 98 were above...

Answered: 1 week ago

Question

★★★★★

Which of the following is an appropriate guideline for waste disposal? O a. Clean trash cans regularly to remove drips and crumbs that provide food for pests Ob. Do not use plastic liners in trash...

Answered: 1 week ago

Previous Question Next Question