Pearson's Correlation Coefficient (R) Requires That Both Variables Be Interval

question 79

True/False

Pearson's correlation coefficient (r) requires that both variables be interval or ratio data.

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Definitions:

Strategy Development

Strategy Development refers to the process of defining a business's strategy or direction and making decisions on allocating its resources to pursue this strategy, including its capital and people.

Human Resources Strategy

A plan of action designed to achieve specific organizational goals through the effective management of the workforce, including recruitment, development, and retention of employees.

HR Competencies

Refers to specific knowledge, skills, and abilities required for human resource professionals to effectively contribute to organizational success.

Business Strategy

A plan of action designed to achieve a specific set of objectives and gain a competitive advantage.