Which of the following is a confirmation question Jeff can ask the merchandising manager?
A) If I understand you, knowing only the song playing when the customer reaches the register doesn't take into account patterns of shopping, purchasing triggers, or waits in a checkout line?
B) Do you have point-of-purchase software that allows you to track time and amount of purchase?
C) How does your current music provider track the correlation between songs and purchases?
D) Would it help you to be able to track songs as customers browse and shop, as well as tracking mixes that lead to the actual purchase?
E) Does knowing the song playing at the moment the customer gets to the register give you the information you really need to create an effective mix?
A
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In bivariate regression, which statement is true concerning the coefficient of determination, r2?
A) r2 is the square of the simple correlation coefficient obtained by correlating the two variables. B) r2 varies between 0 and 1. C) r2 signifies the proportion of the total variation in Y accounted for by the variation in X. D) All are correct.
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What will be an ideal response?
Which of the following is not one of the five Core Fair Information Practices established by the FTC?
(a) Consumers should be made aware that personal information will be collected. (b) Consumers should have a say in how information will be used. (c) Information collected should be secured. (d) No personal information should ever be made available to third parties.