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Over the past few years, the Office Furniture Manufacturing industry in Canada has seen an increase in the demand for office furniture. The general belief
Over the past few years, the Office Furniture Manufacturing industry in Canada has seen an increase in the demand for office furniture. The general belief is that more companies in Canada have moved to the hybrid system remote and inperson work during and after the COVID pandemic, and this caused workers to get office furniture for their homes. To assess this, Colin collected monthly data on the number of companies in Canada that moved to the hybrid system and sales of office furniture in Canada from
Part I
Colin plots a scatterplot for the data and obtains a correlation coefficient of What is the most appropriate interpretation of the correlation coefficient?
There is virtually no linear relationship between the number of Canadian companies that moved to the hybrid system and the sales of office furniture in Canada from
There is a strong linear positive relationship between the number of Canadian companies that moved to the hybrid system and the sales of office furniture in Canada from
There is virtually no relationship between the number of Canadian companies that moved to the hybrid system and the sales of office furniture in Canada from
There is a strong linear negative relationship between the number of Canadian companies that moved to the hybrid system and the sales of office furniture in Canada from
There is a weak linear negative relationship between the number of Canadian companies that moved to the hybrid system and the sales of office furniture in Canada from
There is a weak linear positive relationship between the number of Canadian companies that moved to the hybrid system and the sales of office furniture in Canada from
Part II
If Colin decides to fit a linear regression to the data set, the response will be
the number of Canadian companies that moved to the hybrid system from
the sales of office furniture in Canada from
None of the above
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