Exhibit 16.2.Typically,the sales volume declines with an increase of a product price.It has been observed,however,that for some luxury goods the sales volume may increase when the price increases.The following Excel output illustrates this rather unusual relationship. Refer to Exhibit 16.2.What can be said about the linear relationship between Price and Sales?
A)The relationship is negatively moderate.
B)There is no relationship.
C)The relationship is positively strong.
D)The relationship is negatively strong.

Question

Exhibit 16.2.Typically,the sales volume declines with an increase of a product price.It has been observed,however,that for some luxury goods the sales volume may increase when the price increases.The following Excel output illustrates this rather unusual relationship.  Refer to Exhibit 16.2.What can be said about the linear relationship between Price and Sales?
A)The relationship is negatively moderate. 
B)There is no relationship. 
C)The relationship is positively strong. 
D)The relationship is negatively strong.

Quizplus · Accepted Answer

The Answer of Exhibit 16.2.Typically,the sales volume declines with an increase of a product price.It has been observed,however,that for some luxury goods the sales volume may increase when the price increases.The following Excel output illustrates this rather unusual relationship.  Refer to Exhibit 16.2.What can be said about the linear relationship between Price and Sales?
A)The relationship is negatively moderate. 
B)There is no relationship. 
C)The relationship is positively strong. 
D)The relationship is negatively strong.