Question 1 of 30
A retail company is analyzing its sales data to optimize inventory management. They have two datasets: one containing daily sales figures and another with weekly inventory levels. The company wants to determine the correlation between daily sales and weekly inventory levels to understand how inventory affects sales performance. If the correlation coefficient is calculated to be 0.85, what does this indicate about the relationship between the two datasets?
There is a strong positive correlation between daily sales and weekly inventory levels.
There is a weak negative correlation between daily sales and weekly inventory levels.
There is no correlation between daily sales and weekly inventory levels.
There is a strong negative correlation between daily sales and weekly inventory levels.

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