Brand names and generic products. (a) If a store always
Chapter , Problem 2.49(choose chapter or problem)
Brand names and generic products. (a) If a store always prices its generic store brand products at 80% of the brand name products prices, what would be the correlation between the prices of the brand name products and the store brand products? (Hint: Draw a scatterplot for several prices.) (b) If the store always prices its generic products $2 less than the corresponding brand name products, then what would be the correlation between the prices of the brand name products and the store brand products?
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