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Correlation Example in Business

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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.

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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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