Question 6
You’ve completed a linear regression model using in-store sales data to store visits data. You observe a strong, positive correlation between the independent variable and the dependent variable. The r-squared value (i.e. the coefficient of determination) is close to 1. Standard deviation of the data set is quite low. It is reasonable to conclude that sales increased because of increases in in-store traffic?
That’s correct. Correlation does not equal causation.
3. Question 3 What is a Cash flow statement? 1 point A bank statement showing entries in an account An orderly list showing how much cash went out,…
3. Question 3 Assume a market in which one company exclusively produces a certain type of software package. There are three groups of 1000 consumers in this market: Professionals who…
6. Question 6 If a company has a very dynamic, rapidly changing and complex environment, why might a structured, centralized, and standardized architecture with reduced information processing diminish their ability…
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1. Question 1 Complete the two-sentence pitch: For the target audience who _____ the product name is a product category that offers a benefit. Unlike competitors or substitutes we _____….
8. Question 8 What is true about third degree price discrimination? 1 / 1 point Firms observe consumer characteristics that allow them to infer the willingness to pay and the price accordingly….
