AM 0 Like Scenario Class, to better understand this concept - - see if you can a

Question

AM 0 Like Scenario Class, to better understand this concept - - see if you can answer the questions to this scenario: ce Let us say that Home Depot is interested in examining the relationship between customer age and charge of merchandise purchased. A Home Depot researcher samples 100 receipts, contacts the customers, ages. and asks for their The null hypothesis would claim that there is no relationship between the age and the total price. What are the variables? And are they measured on ordinal/nominal levels or interval/ratio level or both? If we deem a strong relationship, what could we do as a next statistical test and what would it be determining? Reply I Quote & Reply I Report Abuse What are we calculating to examine this relationship? Previous rensipper-Feedbed Tver: 2.829 13 Nov2017 17:36:37 1:24:52 PM MST My Links Online

Explanation / Answer

If we deem that a strong relationship exists, we will run a regression analysis between the two variables. This test is done so that one can understand how much the typical value of the dependent variable changes when the value of the independent variable is varied.

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