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USEFULNESS
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• to illustrate the relationship or correlation between two or more variables
• to demonstrate how something does or does not affect another variable positively or negatively
• to highlight the similarities across 2-3 variables and smaller data sets
• to identify outliers, trends, patterns, or averages in clusters of data
RELATIONSHIP BETWEEN
2 VARIABLES
RELATIONSHIP BETWEEN
3+ VARIABLES
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REAL LIFE EXAMPLES
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• Estimate how marketing expenditures affect sales and profit.
• Spot flaws in effectiveness by evaluating expenses vs. income by store or region.
• Answer questions such as, “Does income level depend on IQ?” or “Do top tier business school graduates earn more in their careers?”