MGMT600 Using Business Drivers and Analysis of Effectiveness: Correlations

User Generated

oquaj

Mathematics

MGMT600

Colorado Technical University

Description

Download the file Sample Data. Prepare a chart similar to the one in the downloaded file to indicate whether the correlation between Variables A and B were found to be positive, negative, or minimal. Provide explanation and justification for your decisions.

In your own words, explain what it means if the correlation of 2 variables is positive, negative, or minimal (close to 0), and give an example of each.

What do you deduce from the correlations? Explain if you believe these to be short or long-term objectives and outcomes. 

What are the implications for Big D Incorporated regarding their client in the outdoor sporting goods?

What are the implications for the penetration into the indoor sporting goods market?

Also, how can you use the correlation tools to identify the variables in the research toward the expansion into the indoor sporting goods market?

Explanation & Answer:
500 words
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Explanation & Answer

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Running head: BUSINESS DRIVERS

1

Using Business Drivers and Analysis of Effectiveness
Name
Course
Tutor
Date

BUSINESS DRIVERS

2

Using Business Drivers and Analysis of Effectiveness
Correlation:
Positive,
negative,
minimal?

Variable A

Variable B

Number of indoor
basketball leagues in the
demographic area

Three college basketball
teams and one NBA team in
the region to spark interest.

Positive

High demographic of the
younger target market.

Lack of any indoor sporting
facilities.

Minimal

A high number of indoor
sporting facilities.

Extremely warm geographic
area.

Positive

Rural geographic setting.

High-income geographic
are...


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