Data from established manufacturing companies in Morocco shows that the number of years' experience a sales person has is correlated with their average yearly sales. The correlation coefficient ( r) is 0.62. Calculate, to 1 decimal place, the percentage of variation in sales that is accounted for by experience.
A) 62.0%
B) 61.6%
C) 45.3%
D) 38.4%
Correct Answer:
Verified
Q1: Correlation and regression are related statistical functions.
Q3: Which of the following relationships would you
Q4: Which of the following options is not
Q5: There is a positive correlation between two
Q6: What term is used to describe differences
Q7: Which of the following statements is TRUE?
A)
Q8: Which of the following options gives the
Q9: Which of the following statements about rank
Q10: The analysis of two variables indicates a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents