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Question 1 0.1 pts Correlation and Bi-Variate Regression. The AudioTex Company is a direct marketer of stereo equipment, personal computers, and other electronic products.
Question 1 0.1 pts Correlation and Bi-Variate Regression. The AudioTex Company is a direct marketer of stereo equipment, personal computers, and other electronic products. AudioTex maintains a web based site, but advertises largely by mailing catalogs to its customers. Orders are taken over the phone and via the internet. There are no physical stores. The data are for a random sample of 1,000 customers of the company at the end of the previous year. The following are the key variables: Dependent Variable: SALES Annual sales in dollars Independent Variables Dummy Variable 1 = Male 0 = GENDER Female Dummy Variable 1 = Yes 0 OWNHOME No Dummy Variable 1 = Married 0 = MARRIED Not Married INCOME CHILDREN CATALOGS Income of the household in dollars Number of children in the household Number of catalogs sent to the house in the last year The following is the correlation matrix. SALES GENDER OWNHOME MARRIED INCOME CHILDREN CATALOGS SALES 1.0000 GENDER 0.1950 1.0000 OWNHOME 0.3480 0.0844 1.0000 MARRIED 0.4711 0.1161 0.2640 1.0000 INCOME 0.6845 0.2583 0.4494 CHILDREN -0.2248 -0.1055 -0.0323 CATALOGS 0.4664 0.0874 0.0931 0.6652 1.0000 0.0098 0.0479 0.1371 0.1779 1.0000 -0.1135 1.0000 What is the correlation between SALES and CHILDREN? I want the exact answer to 4 decimal places. Use the proper rules of rounding.
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