Business Research Discussion Week 11 Essay Example | Topics and Well Written Essays - 250 words

Business Research Discussion Week 11 - Essay Example When p-value goes down, the price goes up; on the contrary, the price goes up whenever the p-value goes up. However, when the p-value goes up, the mile goes up and vice-versa. Therefore, an increase on p-value will automatically lower the price of purchasing the gas. Thus, the expenditure will go down as well. On the other hand, an increase in p-value lead to an increase in mile covered. Therefore, this means that a decrease in p-value will lead to a decrease in mile and hence reduce the expenditure. The determination of the coefficient significance is by what best measures the strength of the relationship and it is r2. The strength is expressed in the given levels of probability (Sonneveld, 2008). The data can be used to make principal decision based on the implications. A decrease in p-value lead to a decrease in price of purchasing the gas, then the company can make a decision on how to reduce the p-value, hence reduce their expenditure as well. Consequently, the company can use the data to decide on how to lower the p-value hence lower the miles covered. Thus, this will in turn lower their annual expenditure and hence more profit to the company (Neudecker &