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MBA 624 Week 8 Quiz Questions and Answers/100% Correct/Homework Chapter 8 Test
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MBA 624 Week 8 Quiz Questions and Answers/100% Correct/Homework Chapter 8 Test MBA 624 Week 8 Quiz Questions and Answers/100% Correct/Homework Chapter 8 Test Question 1 A correlation analysis requires that the data be either data or data. nominal, ratio interval, ratio or...

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  • 14 de septiembre de 2024
  • 24
  • 2024/2025
  • Examen
  • Preguntas y respuestas

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  • mba 624 week 8 quiz
  • mba 624 homework chapter 8 test
  • a correlation analysis requires that the data be e
  • costco sells paperback books in their retail store
  • costco sells paperback books in their retail s

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  • Bellevue University
  • MBA 624
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MBA 624 Week 8 Quiz Questions and
Answers/100% Correct/Homework
Chapter 8 Test

Question 1

A correlation analysis requires that the data be either data or data.

nominal, ratio

interval, ratio


ordinal, interval


nominal, interval

Question 2

Consider the relationship between the following variables:
∙ Monthly electricity bill for a household during the summer
∙ Average high ambient temperature during the summer months

Average high ambient temperature during the summer months would be considered the dependent
variable.

True


False


Question 3

Costco sells paperback books in their retail stores and wanted to examine the relationship between
price and demand. The price of a particular novel was adjusted each week and the weekly sales were
recorded in the table below.

Sales Price

3 $12

4 $11

6 $10

10 $9

,8 $8

10 $7

, The correlation coefficient for this data is .

-0.402

-0.910


-0.623


0.197

Question 4

Costco sells paperback books in their retail stores and wanted to examine the relationship between
price and demand. The price of a particular novel was adjusted each week and the weekly sales were
recorded in the table below.

Sales Price

3 $12

4 $11

6 $10

10 $9

8 $8

10 $7


Management would like to use simple regression analysis to estimate weekly demand for this
novel using the price of the novel. The slope for the regression equation is .

-0.920


-0.584


-0.675


-1.457

Question 5

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