If a Simple Pearson Correlation Value =

question 69

Multiple Choice

If a simple Pearson correlation value = .685, what percentage of variance is accounted for?

• A)35%
• B)47%
• C)68%
• D)69%

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Definitions:

Flexible Facility

A manufacturing or service facility designed to easily adapt to changes in production or operations, enhancing agility and responsiveness.

Volume Products

Products that are produced or sold in large quantities, often benefiting from economies of scale in production and distribution.

Demand Uncertainty

The unpredictability in the quantity and timing of customer demand for a product or service.

Flexible Source

A supply chain strategy that allows for the procurement of goods and services from multiple suppliers, enhancing adaptability and reducing dependency on single sources.