GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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02:07 Feb 22, 2009 |
English language (monolingual) [PRO] Bus/Financial - Mathematics & Statistics | |||||||
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| Selected response from: Michael Powers (PhD) United States Local time: 14:54 | ||||||
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SUMMARY OF ALL EXPLANATIONS PROVIDED | ||||
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4 +4 | compare tendencies, if any, between telephone area codes, incomes and purchases |
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5 +2 | just means to put in order |
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Discussion entries: 1 | |
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compare tendencies, if any, between telephone area codes, incomes and purchases Explanation: For example, a certain area code might be very common in New York City whereas another area code may be common in a small town in Indiana. Usually when comparing incomes between these two area codes indicative, at least historically, of these two different places, income would be higher in the large city and purchases in expensive restaurants would also tend to be higher in a large city. These like tendencies are called a positive correlation. If there is no like tendency, there is no correlation. If there is a tendency to be the opposite, it is called a negative correlation. Mike :) |
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