Consider a correlation coefficient of .095 between variables A and…

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Question Answered step-by-step Consider a correlation coefficient of .095 between variables A and… Consider a correlation coefficient of .095 between variables A and B.  The correlation coefficient was calculated from a sample of 1100 respondents and is statistically significant, p < .0001. Also, consider a correlation coefficient of .891 between variables C and D.  The correlation coefficient was calculated from a sample of 15 observations and is statistically nonsignificant, p > .10.So, when should marketing analysts consider a correlation strong enough to even consider given the issue raised above? (Please see attached, I’ve seen this answer floating around but I need more clarification)Image transcription textFortesting correlation the null hypothesis will be H1] : F = 5 against the alternative H1 : F ?é l] ., where P is thecorrelation coefficient of the population. A strong positive correlation means I3 is close to 1. Then thecorrelation will be signi?cant. Here the correlation between C and D is close to 1 than that of R an… Show more… Show more  Math Statistics and Probability MAT 301 Share QuestionEmailCopy link Comments (0)