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In case ‘Sale of woolen garments and day temperature’–––– correlation is
- a)positive
- b)negative
- c)zero
- d)none
Correct answer is option 'B'. Can you explain this answer?
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In case Sale of woolen garments and day temperature correlation isa)po...
Correlation between Sale of Woolen Garments and Day Temperature
Correlation refers to the relationship between two variables. In this case, the two variables are the sale of woolen garments and day temperature. The correlation between these two variables can be positive, negative, or zero.
Negative Correlation
In this case, the correct answer is option B, which is negative. A negative correlation between the sale of woolen garments and day temperature means that the increase in day temperature leads to a decrease in the sale of woolen garments. This is because people tend to buy woolen garments during colder temperatures to keep themselves warm. As the temperature increases, people will not need to wear woolen garments, leading to a decrease in sales.
Examples of Negative Correlation
- The sale of ice cream and the temperature of the day: as the temperature increases, the sale of ice cream decreases.
- The price of a product and the demand for the product: as the price of a product increases, the demand for the product decreases.
Conclusion
The correlation between the sale of woolen garments and day temperature is negative. As the day temperature increases, the sale of woolen garments decreases.
Correlation refers to the relationship between two variables. In this case, the two variables are the sale of woolen garments and day temperature. The correlation between these two variables can be positive, negative, or zero.
Negative Correlation
In this case, the correct answer is option B, which is negative. A negative correlation between the sale of woolen garments and day temperature means that the increase in day temperature leads to a decrease in the sale of woolen garments. This is because people tend to buy woolen garments during colder temperatures to keep themselves warm. As the temperature increases, people will not need to wear woolen garments, leading to a decrease in sales.
Examples of Negative Correlation
- The sale of ice cream and the temperature of the day: as the temperature increases, the sale of ice cream decreases.
- The price of a product and the demand for the product: as the price of a product increases, the demand for the product decreases.
Conclusion
The correlation between the sale of woolen garments and day temperature is negative. As the day temperature increases, the sale of woolen garments decreases.
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In case Sale of woolen garments and day temperature correlation isa)positiveb)negativec)zerod)noneCorrect answer is option 'B'. Can you explain this answer?
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In case Sale of woolen garments and day temperature correlation isa)positiveb)negativec)zerod)noneCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about In case Sale of woolen garments and day temperature correlation isa)positiveb)negativec)zerod)noneCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In case Sale of woolen garments and day temperature correlation isa)positiveb)negativec)zerod)noneCorrect answer is option 'B'. Can you explain this answer?.
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