MGMT600 ColoradoTech Football Team Correlations Assignment
Business Finance
Prepare a chart similar to the one in the downloaded file to indicate whether the correlation between Variables A and B were found to be positive, negative, or minimal. Provide explanation and justification for your decisions.
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Variable A |
Variable B |
Correlation: |
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positive, negative, minimal? |
||
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Number of indoor basketball leagues in demographic area |
Three college basketball teams and one NBA team in region to spark interest. |
|
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High demographic of younger target market. |
Lack of any indoor sporting facilities. |
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High number of indoor sporting facilities. |
Extremely warm geographic area. |
|
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Rural geographic setting. |
High-income geographic area. |
In your own words, explain what it means if the correlation of 2 variables is positive, negative, or minimal (close to 0), and give an example of each.
- What do you deduce from the correlations? Explain if you believe these to be short or long-term objectives and outcomes.
- What are the implications for Big D Incorporated regarding their client in the outdoor sporting goods?
- What are the implications for the penetration into the indoor sporting goods market?
- Also, how can you use the correlation tools to identify the variables in the research toward the expansion into the indoor sporting goods market?
