The Correlations Table Below Indicates That: Correlations ** Correlation Is Significant at the 0

question 80

Multiple Choice

The correlations table below indicates that: Correlations
$$\begin{array} { | l | l | r | r | } \hline & & { \text { Sales } } & \begin{array} { r } \text { Advertising } \\\text { expenditure }\end{array} \\\hline \text { Sales } & \text { Pearson correlation } & 1 & 0.753 \left( { } ^ { * * } \right) \\\hline & \text { Sig. (two-tailed) } & & 0.005 \\\hline & N & 100 & 100 \\\hline \begin{array} { l } \text { Adverting } \\\text { expenditure }\end{array} & \text { Pearson correlation } & 0.753 \left( { } ^ { * * } \right) & 1 \\\hline & \text { Sig. (two-tailed) } & 0.000 & \\\hline & N & 100 & 100 \\\hline\end{array}$$ ** Correlation is significant at the 0.01 level (two-tailed) .

• A) about 75 per cent of variance in sales can be explained by the variance in advertising expenditure.
• B) about 57 per cent of the variance in advertising expenditure can be explained by the variance in sales.
• C) about 57 per cent of the variance in sales can be explained by the variance in advertising expenditure.
• D) about 75 per cent of the variance in advertising expenditure can be explained by the variance in sales.

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Definitions:

Connector Division

A segment within a company or industry focused on the development, production, or distribution of connectors or interconnection solutions.

Outside Customers

Individuals or entities that are external to the organization and purchase its products or services, as opposed to internal stakeholders.

Idle Capacity

The portion of a company's resources or equipment that is not currently in use or producing goods, often leading to inefficiency and increased costs.

Fixed Costs

Costs that do not change with the level of output or sales, such as rent, salaries, and insurance.