A business analyst finds that the covariance between marketing expenditure (in Euros) and quantity sold (in units) is 239. What can be concluded from this result?

Question

Answer

There is a strong positive linear association between the two variables.

Answer

There is a positive correlation of 0.92 between marketing and sales.

Answer

Marketing causes sales to increase.

Answer

There is a perfect linear relationship between the two variables.

Answer

More information is needed to determine the strength of the relationship.

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A business analyst finds that the covariance between marketing expenditure (in E...

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