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Brand names and generic products

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Brand names and generic products.

(a) If a store always prices its generic "store brand" products at 90% of the brand name products' prices, what would be the correlation between the prices of the brand name products and the store brand products?

(b) If the store always prices its generic products $1 less than the corresponding brand name products, then what would be the correlation between the prices of the brand name products and the store brand products?

Reference no: EM131744899

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