Responding to a Correlation Analysis
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Bill is doing a project for you in the marketing department. In conducting his analysis regarding consumer behavior and a new product that has come out, he tells you the correlation between these two variables is 1.09. What is your response to this analysis?
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Bill is doing a project for you in the marketing department. In conducting his analysis regarding consumer behavior and a new product that has come out, he tells you the correlation between these two variables is 1.09. What is your response to this analysis?
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A correlation of 1.09 is not possible because -1 < r < 1; 0 < r2 < 1. The correlation between two variables cannot fall outside of the ...
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