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dondre54
28.01.2020 •
Mathematics
The sensor dynamics corporation did a scientific study on the impact of absenteeism on increased costs. it determined that there's a statistical correlation of 0.7. what does that indicate for the organization?
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Ответ:
Absenteeism significantly increases cost.
Step-by-step explanation:
We are given the following in the question:
The Sensor Dynamics Corporation did a scientific study on the impact of absenteeism on increased costs.
The correlation between the two was found to be 0.7
Correlation:
It is a measure of linear relationship between two quantities. A positive correlation means that an increase in one quantity leads to an increase in another quantity A negative correlation means with increase in one quantity the other quantity decreases. Values between 0 and 0.3 tells about a weak positive linear relationship, values between 0.3 and 0.7 shows a moderate positive correlation and a correlation of 0.7 and 1.0 states a strong positive linear relationship.Thus, we can say that there is a high positive correlation between absenteeism and cost.
Thus, absenteeism significantly increases cost.
Ответ: