Interpret the Correlation Coefficient for the Following Data

question 25

Essay

Interpret the correlation coefficient for the following data:
Sales Sales Training Score
45,000 98
34,500 74
23,750 57
51,450 99
41,000 85
The resulting correlation coefficient is +.98 and the probability of insignificance is 3%.

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Definitions:

Corporate Social Responsibility

A business model where companies integrate social and environmental concerns in their operations and interactions with stakeholders.

Stakeholders

Individuals or groups with a direct or indirect interest in an organization and its activities, including employees, customers, suppliers, and investors.

Marketplace

Any physical or digital location where goods and services are exchanged between buyers and sellers.

Conscious Marketing

An ethical approach to marketing that acknowledges a company's broader responsibilities and the impact of its practices on customers, society, and the planet.