Question
Suppose that you looked at the correlation between the average income in a city and the number of sports franchise in a city, found that
Suppose that you looked at the correlation between the average income in a city and the number of sports franchise in a city, found that correlation was strong positive correlation.
What does this result mean?
Suppose a politician used this result to argue for spending lots of public money to bring in new sports franchise to the city. Is the politician argument sound? Why or why not?
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Real Estate Principles A Value Approach
Authors: David C Ling, Wayne Archer
5th edition
77836367, 978-0077836368
