Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

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 .10.

So, when should marketing analysts consider a correlation strong enough to even consider given the issue raised above? (Please see attached, I've seen this answer floating around but I need more clarification)

image text in transcribed
Fortesting correlation the null hypothesis will be H1] : F = 5 against the alternative H1 : F ? l] ., where P is the correlation coefficient of the population. A strong positive correlation means I3 is close to 1. Then the correlation will be signicant. Here the correlation between C and D is close to 1 than that of R and B which is somewhat close to D. So the correlation between C and D is strong enough to even considerwhen comparing to A and B

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Principles And Practice Of Physics

Authors: Eric Mazur

2nd Edition

0135610869, 9780135610862

Students also viewed these Mathematics questions

Question

=+b) Should the company send the fact-finding trip? Explain.

Answered: 1 week ago

Question

What are the challenges associated with tunneling in urban areas?

Answered: 1 week ago

Question

What are the main differences between rigid and flexible pavements?

Answered: 1 week ago

Question

What is the purpose of a retaining wall, and how is it designed?

Answered: 1 week ago

Question

How do you determine the load-bearing capacity of a soil?

Answered: 1 week ago

Question

what is Edward Lemieux effect / Anomeric effect ?

Answered: 1 week ago