Great Plains Roofing and Siding Company, Inc., sells roofing and siding products to home repair retailers, such as Lowe’s and Home Depot, and commercial contractors. The owner is interested in studying the effects of several variables on the value of shingles sold ($000). The marketing manager is arguing that the company should spend more money on advertising, while a market researcher suggests it should focus more on making its brand and product more distinct from its competitors. The company has divided the United States into 26 marketing districts. In each district it collected information on the following variables: volume of sales (in thousands of dollars), advertising dollars (in thousands), number of active accounts, number of competing brands, and a rating of district potential.The company has divided the United States into 26 marketing districts. In each district it collected information on the following variables: volume of sales (in thousands of dollars), advertising dollars (in thousands), number of active accounts, number of competing brands, and a rating of district potential.Develop a correlation matrix. (Round your answers to 3 decimal places. Negative amount should be indicated by a minus sign.)
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