If the correlation between X and Y is -.72, approximately what percentage of the variance in Y can be explained by X?
a. 28
b. 52
c. 72
d. 85
Question 2
Frank is a senior executive at Company XYZ and has argued that a top-down approach to new product development should be implemented. Frank explains that just because the top-down approach has few steps in the process doesn't mean the products are simple, or that the process unfolds quickly. Frank's explanation of the top-down approach is correct.
a. True
b. False
Indicate whether the statement is true or false
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Table - Correlation Analysis