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Correlation Example in Business

Describe a business-related situation in which you would expect there to be a strong relationship (correlation) between an independent and dependent variable. Define each variable, state whether it is the independent (X) or dependent (Y) variable, and provide a table of mock data (or some actual data if available) for 10 observations.

Solution Summary

Solution attaches an Excel spreadsheet with mock data in it for the example given in Word of a business situation showing a strong correlative relationship between an independent and dependent variable.

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