1-You are given two datasets, Dataset West and Dataset North. Both…

Question Answered step-by-step 1-You are given two datasets, Dataset West and Dataset North. Both… 1-You are given two datasets, Dataset West and Dataset North. Both deal with the same data showing sales as the response variable and marketing discount as an input variable. The only difference is that the datasets are from two different regions that have very dissimilardemographics.Dataset West shows a correlation coefficient of 0.70 (positive),Dataset North shows a correlation coefficient of -0.80 (negative).Which dataset is showing a stronger relationship between the input and response variable?a-Dataset Westb-Dataset Northc-Both are equally strong2-The following model for marketing expense and sales revenue (both in dollars) has an R-squared value of 0.87 with p < 0:0001 while level of significance is 0.01Sales Revenue = 200000 - 0.08*Marketing ExpenseWhich of the following interpretations is correct?a-We cannot say because the p value is so low.b-For every $1000 in spent on marketing, sales revenue increases by $80.c-This model can't be right because everyone knows that sales increase with marketing!d-For every $1000 in spent on marketing, sales revenue decreases by $80.3-The following model for marketing expense and sales revenue (both in dollars) has an R-squared value of 0.87 with p < 0.0001 while level of significance is 0.01.Sales Revenue = 200000 - 0.08 * Marketing_ExpenseWhich of the following interpretations is correct?a-We can't say because the p value is very low.b-If the company spends nothing on marketing, the company still makes $200,000 in sales revenue.c-If the company spends nothing on marketing, the company is not able to sell anything. Engineering & Technology Industrial Engineering Supply Chain Management QMB 6603 Share QuestionEmailCopy link Comments (0)