How can you use the correlation tools to identify variables

Assignment Help Applied Statistics

Reference no: EM132744140

For this assignment, do the following:

• Download the file Sample Data.

• Prepare a chart similar to the one in the downloaded file to indicate whether the correlation between variables A and B were found to be positive, negative, or minimal.

• Provide explanation and justification for your decisions.

In your own words, explain what it means if the correlation of 2 variables is positive, negative, or minimal (close to 0), and give an example of each.

• What do you deduce from the correlations? Explain if you believe these to be short or long-term objectives and outcomes.

• What are the implications for Big D Incorporated regarding its client in the outdoor sporting goods?

• What are the implications for the penetration into the indoor sporting goods market?

• Also, how can you use the correlation tools to identify the variables in the research toward the expansion into the indoor sporting goods market?

Attachment:- IP data.rar

Reference no: EM132744140

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