If a Regression Analysis Shows an R Factor of

question 280

Multiple Choice

If a regression analysis shows an R factor of .89 exists, it is safe to assume

• A)a strong negative relationship between cost and volume.
• B)a strong positive relationship between cost and volume.
• C)no relationship between cost and volume.
• D)a perfect positive relationship between cost and volume.

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Definitions:

Demographic

Statistical data relating to the population and particular groups within it, often used in market research to identify and target specific market segments.

Market Segment

A group of individuals or organizations sharing one or more characteristics that cause them to have similar product and/or service needs.

Target Market

Refers to the specific group of consumers or organizations a company aims to reach with its products or services.