11 Name Brands Behind Costco’s Generic Products

A blind taste test: generic brands vs. name brands

11 Name Brands Behind Costco’s Generic Products

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Brand names and generic products. (a) If a store always prices its generic "store brand" products at 80 % of the brand name products' prices, what would be the correlation between the prices of the brand name products and the store brand products? (Hint: Draw a scatterplot for several prices.) (b) If the store always prices its generic products 2 less than the corresponding brand name products, then what would be the correlation between the prices of the brand name products and the store brand

Brand name products vs. generic store brands