Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

One of the researchers working for you at the tech company delivers some data you asked for about associations between consumers and their likelihood of

  1. One of the researchers working for you at the tech company delivers some data you asked for about associations between consumers and their likelihood of purchasing a new tablet. The two variables of particular interest are: 1) hours per day spent on technology and 2) likelihood of purchasing a new tablet. The researcher tells you that the Pearson Product Moment Correlation Coefficient is .45 for these two variables and is significant at the p < .05 level. You have a briefing with management now, and they don't want to hear the "statistics jumble" that they pay you to sort through. What number or indicator could you present to them that would clearly explain this relationship? Consider how researchers interpret an r statistic and what we learned was the most precise method of doing so. (2pts)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Essentials Of Services Marketing

Authors: Jochen Wirtz

4th Edition

1292425199, 9781292425191

More Books

Students also viewed these Mathematics questions

Question

How can the risks of the partnership form be managed?

Answered: 1 week ago