Description
You are in a brainstorming session at WidgeCorp, where no idea is too outrageous. You are discussing penetration in the school lunch market. Ideas around school lunch subsidies, Internet subsidies, and Internet target marketing are being discussed. As the end of the meeting, the group asks you to prove or disprove some assumptions by looking at correlations.
400-600 words with APA citations and must have in text citations
First, acquaint yourself with the Internet subsidy issue by reading the article Closing the Digital Divide: Internet Subsidies in Public Schools by Austan D. Goolsbee and Jonathan Guryan.
Next, download the file Sample Data. Based on the findings as reported in this article, prepare a chart similar to the one in the downloaded file to indicate if the correlation between Variables A and B were found to be positive, negative, or minimal.
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.
Reference
Goolsbee, A. D., & Guryan, J. (2003). Closing the digital divide: Internet subsidies in public schools. Capital Ideas, 5(1). Retrieved from the University of Chicago Booth School of Business Web site: http://www.chicagobooth.edu/capideas/summer03/digi...
Explanation & Answer
Attached.
Running head: CORRELATION ANALYSIS
Correlation Analysis
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CORRELATION ANALYSIS
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Correlation analysis
Correlation analysis is a concept that is used in statistics to measure the extent to
which there is the degree of interdependence among variables. A correlation might be said to
be a positive, negative or minimal correlation. A positive correlation implies that majority of
the values of one variable predict most of the values on the other variable. For example, the
price of goods and the quantities of goods supplied have positive correlation in most cases.
The higher the price the goods fetches, the higher the quantity suppliers are willing to supply.
These t...
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