The coefficient of correlation between variables y and x is 0.80 . Calculate and interpret the value of the coefficient of determination
The coefficient of determination is 0.64 (or the coefficient of correlation squared). This means that 64% of the variation in y and is explained by x.
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Define marketing planning. Briefly outline the major steps in a marketing plan
What will be an ideal response?
Which of the following is NOT true regarding the speech of presentation?
a. You should avoid overpraising the recipient. b. While you are speaking, you are the star. c. The audience should be convinced that the participant deserves the award. d. You should express sincere appreciation for the honoree’s accomplishments.
Becka Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.?InputsStandard Quantity or Hours per Unit of OutputStandard Price or Rate?Direct materials6.7 grams$8.80 per gram?Direct labor0.30 hours$18.20 per hour?Variable manufacturing overhead0.30 hours$3.50 per hourThe company produced 2,300 units of this product in November.Required:a. What is the total standard cost of one unit of this product?b. What was the standard grams allowed for the actual output of this product in November?c. What was the standard hours allowed for the actual output of this product in November?
What will be an ideal response?
Given the attractiveness of premium pricing during the growth stage of the market life cycle, managers should emphasize short-term results to increase profits.
Answer the following statement true (T) or false (F)