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A 'good' correlation is data-context driven. For example, I did a project correlating sales volume per state and customer demographics (pretty 'hard' data) and got a .92 correlation. In customer satisfaction work getting a correlation of .5 relating overall satisfaction (or repurchase intent) with a specific attribute like 'timeliness of delivery' (soft data) is considered a high value. I did a study correlating net profit per location with expenditures on an in-house promotion, and got a correlation of about .15, and that was received very well. If you are following up your correlation analysis with, say, factor analysis of cluster analysis, then a .6 or better correlation makes these subsequent analyses more valid.
Calculate sample proportion and then also calculate a 99% confidence interval for true population proportion, p.
Transportation problem using the stepping stone method
In grading eggs into small, medium and large, Margi farms packs the eggs that weigh more than 4.25 ounces in packages marked " large" and the eggs that weigh less than 2.45 ounces in packages marked " small" the remainder are packed in packages ma..
At the 5 percent level of significance, can we conclude that the mean weight is greater than 16 ounces? Determine the p-value.
A summary of data (deposits in thousands of dollars) from the survey is as follows: First National 1 = 4.1, σ1 = 1.2; City National 2 = 3.5, σ2 = 0.9. Use a 98% confidence interval to estimate the difference in the mean weekly deposits into IRAs f..
Great Plains Roofing and Siding Company inc, sells roofing and siding products to home repair retailers, such as Lowe's and Home Depot, and commercial contractors.
Determine probability that number of boats constructed next month will be between 4 and 7 (both inclusive).
Four young children were monitored closely over a period of several weeks to measure how much they watched violent television programs and their amount of violent behavior toward their playmates.
By using the fact that Martha believes the treatment will decrease the amount of time to fall asleep, describe the null and alternate hypotheses.
Determine new, standardized score for each of following values from original population.
A student with a 3.5 to 4 grade point average who took standardized test is randomly selected. Determine the probability that students test score is less than 36.
The travel time for a college student traveling between her home and her college is uniformly distributed between 40 and 90 minutes.
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