1. A correlation matrix(correlation coefficients and probability level under the

Question

1.      A correlation matrix(correlation coefficients and probability level under thehypothesis rho = 0) for a company’s sales force (age, yearsof service, and current sales) is given below. Comment.

Age

Years of Service

Current Sales

Age

1.00000

.68185

.21652

.0000

.0208

.5225

Years of Service

.68185

1.00000

.64499

.0208

.0000

.0321

Current sales

.21652

.64499

1.00000

.5225

.0321

.00000

Age

Years of Service

Current Sales

Age

1.00000

.68185

.21652

.0000

.0208

.5225

Years of Service

.68185

1.00000

.64499

.0208

.0000

.0321

Current sales

.21652

.64499

1.00000

.5225

.0321

.00000

Explanation / Answer

The p-value for Age and Years of service is 0.0208 The p-value is very small. So, these two aresignificant. The p-value for Age and Current Sales is 0.5225 The p-value is very large. So, these two are notsignificant. The p-value for Current sales and Years of serviceis 0.0321 The p-value is very small. So, these two aresignificant. The p-value for Age and Current Sales is 0.5225 The p-value is very large. So, these two are notsignificant. The p-value for Current sales and Years of serviceis 0.0321 The p-value is very small. So, these two aresignificant. The p-value for Current sales and Years of serviceis 0.0321 The p-value is very small. So, these two aresignificant.

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