Question

Correlation coefficients are an effective tool for determining if the results of a survey or project are strong or weak. In 3–5 sentences, create a situation where you would want to see the correlation between two variables. Would you want a strong or weak correlation? What would it mean if you had a negative correlation? What would it mean if you had a positive correlation? (4 points)

Answer 1

[AI-generated answer — Bot GPT 3.5]

In a marketing campaign, you might want to determine the correlation between the amount of money spent on advertising and the number of sales generated. In this scenario, you would want a strong positive correlation, indicating that as advertising spending increases, sales also increase. A negative correlation would suggest that as advertising spending goes up, sales decrease, which would be concerning for the success of the campaign. A positive correlation would indicate that the marketing efforts are effective and driving sales.