If a Correlation Coefficient Equals .30, Then

question 15

Multiple Choice

If a correlation coefficient equals .30, then:

• A)The relationship is weak.
• B)9 percent of the dependent variable variation is explained.
• C)30 percent of the dependent variable variation is explained.
• D)The relationship is strong

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Definitions:

Promotion Budget

Financial allocation for marketing and advertising activities aimed at boosting sales or awareness of a product or service.

New Customers

Individuals or organizations that begin to purchase goods or services from a business for the first time.

Annual Promotion Plan

A structured outline of marketing activities and promotions designed for a specific year, aimed at achieving marketing objectives.

B₂B Sales Promotions

Marketing efforts and incentives specifically designed to engage and convert business customers, as opposed to individual consumers, enhancing business sales and relationships.