Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 17, 2024

Hello, I am trying to interpret a correlation matrix. The Pearson coefficient is 0.3, which does not indicate a strong correlation, right? However, the p

Hello, I am trying to interpret a correlation matrix. The Pearson coefficient is 0.3, which does not indicate a strong correlation, right? However, the p value is <.001, which is very statistically significant.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored 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

Quantitative Analysis For Management

Authors: Barry Render, Ralph M. Stair, Michael E. Hanna

11th Edition

9780132997621, 132149117, 132997622, 978-0132149112

Students also viewed these Mathematics questions

Question

★★★★★

If a local government starts collecting an ad valorem tax of on the revenue of a competitive firm (and all other firms are located outside this jurisdiction), what happens to the firm's demand curve...

Answered: 1 week ago

Question

★★★★★

A department store will place a sale item in a special display for a one- day sale. Previous experience suggests that 20 percent of all customers who pass such a special display will purchase the...

Answered: 1 week ago

Question

★★★★★

2. Describe the typology of subcontractors based on the diff erences in the contractor/ subcontractor relationship.

Answered: 1 week ago

Question

★★★★★

Baldacci Inc. has a casting machine that is used for three of the companys products. Each machine setup costs $ 20,445, and the machine was set up in June for six different production runs. The...

Answered: 1 week ago

Question

★★★★★

Hello, I am trying to interpret a correlation matrix. The Pearson coefficient is 0.3, which does not indicate a strong correlation, right? However, the p value is

Answered: 1 week ago

Question

★★★★★

Using the following budgeted information for production of 10,000 and 16,000 units, prepare a flexible budget for 18,000 units. Production 10,000 units 16,000 units Expense A $18,000 $28,800 Expense...

Answered: 1 week ago

Question

★★★★★

1 . Using nslookup - q = MX ciat.edu. Using the MX ( Mail Exchange ) records for CIAT's domain, describe what these records indicate and how an attacker could potentially use this information.

Answered: 1 week ago

Question

★★★★★

please help me.. 3-21 CVP computations. Fill in the blanks for each of the following independent cases. Variable Fixed Costs Costs Operating Income Case Contribution Margin Revenues $4,250 Total...

Answered: 1 week ago

Question

★★★★★

Sheridan Corporation issued $430,000 of 5-year bonds on April 1, 2023. Interest is paid semi-annually on April 1 and October 1. Below is a partial amortization schedule for the first few years of the...

Answered: 1 week ago

Question

★★★★★

What is the ending balance of the Checking account? Note: Answer this question in the table shown below. Round your answer 2 decimal places. What is the ending balance of the Accounts Receivable...

Answered: 1 week ago

Question

★★★★★

Weighted Average Method, Two-Department Analysis, Change in Output Measure Healthway uses a process-costing system to compute the unit costs of the minerals that it produces. It has three...

Answered: 1 week ago

Previous Question Next Question