Question

What does a positive correlation tell you about the graph that compares advertising costs and sales. Would the owners of the company be happier if the slope was steeper or flatter?

Answer 1

A positive correlation can tell you that over time the money the make will be increasing. The owners would be happier if the slope was steeper because their money will be going up at a faster pace the steeper the slope is.

Answer 2

Steeper, because the owners would have a higher net profit.