BluTech performed statistical analyses to assess the validity of the tests it used to screen job candidates. One of those tests returned a validity coefficient of -1.00. This indicates
A. a complete lack of relationship.
B. an error in the statistical methodology.
C. a perfect negative relationship.
D. a perfect positive relationship.
Answer: C
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Indicate whether the statement is true or false.
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Power Corporation sells a line of power tools to home improvement chains, generating a cost of goods sold equal to 70% of net sales. The selected data that follow relate to the period just ended for the company's three largest customers: Weekend Project, Tool Mart, and Fix-It City. Power's management recently attended a seminar and learned that customers with excessive requests and demands can have a significant, negative impact on corporate profitabilityRequired: A. For each of the three chains, compute: 1. Total customer-related costs as a percentage of gross margin.2. The average order size (ignoring sales returns).3. The ratio of regular orders to rush orders.4. The number of sales returns as a percentage of the number of total orders.B. Prepare a brief summary of your findings.
Should Power work with any of the chains in an effort to improve results? Explain.?Weekend ProjectTool MartFix-It CityGross sales volume:??? Dollars$2,000,000$4,900,000$4,600,000 Number of Orders50175125Type of order:??? Regular40135110 Rush104015Sales returns:??? Dollars$100,000$400,000$240,000 Number of returns3208Total customer-related costs$245,100$918,000$457,800 What will be an ideal response?