Which of the Following Statements Is an Accurate Interpretation of the Statistical

question 2

Multiple Choice

Which of the following statements is an accurate interpretation of the statistical result Pearson r = 0.70?

• A) 49% of the variability in one variable is explained by the variability in the other variable and vice versa.
• B) 70% of the participants had a high correlation between the two variables.
• C) 70% of the variability in one variable is explained by the variability in the other variable and vice versa.
• D) 30% of the variability in the stronger variable is explained by weaker variable.

---

Definitions:

Market Penetration

An indicator of how much a product or service has been sold or used, in relation to the overall potential market for it.

Positioning

The process of establishing a brand or product in the mind of consumers by differentiating it from competitors through marketing strategies.

Market Summary

An overview of the current state of the market, including trends, stock movements, and significant events affecting the market.

Direct Competitors

Businesses offering the exact or highly similar products or services as another business in the same market.