MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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- Listed below are paired data consisting of amounts spent on advertising (in millions of dollars) and the profits (in millions of dollars). Determine if there is a significant negative linear correlation between advertising cost and profit. Use a significance level of 0.05 and round all values to 4 decimal places. Advertising Cost Profit 3. 25 15 18 6. 17 21 8. 29 9. 28 10 21 11 27 Ho: p = 0 Ha: p <0 Find the Linear Correlation Coefficient Find the p-value p-value The p-value isarrow_forwardDetermine if there is a significant correlation between the sets of data at a 10% significance level. X 63 32 28 23 39 37 43 21 y 89 64 61 57 70 68 73 56 Negative Critical Value, tcrit [three decimal accuracy] Positive Critical Value, tcrit [three decimal accuracy] Test Statistic, ttest %3D [three decimal accuracy] Test Conclusion: Reject Ho. There is enough evidence to suggest a significant (positive or negative) linear correlation between the data sets. Fail to Reject Ho. There is not enough evidence to suggest a significant (positive or negative) linear correlation between the data sets.arrow_forwardA biologist looked at the relationship between number of seeds a plant produces and the percent of those seeds that sprout. The results of the survey are shown below. Seeds Produced 68 56 61 Sprout Percent 60.6 69.2 = 0 48 64.7 64.6 #0 a. Find the correlation coefficient: b. The null and alternative hypotheses for correlation are: H₂: ? H₁: 2 The p-value is: 63 64.1 40 Round to 2 decimal places. 63 62 65.1 68.4 84 (Round to four decimal places) c. Use a level of significance of a = 0.05 to state the conclusion of the hypothesis test in the context of the study. O There is statistically significant evidence to conclude that there is a correlation between the number of seeds that a plant produces and the percent of the seeds that sprout. Thus, the regression line is useful. O There is statistically insignificant evidence to conclude that a plant that produces more seeds will have seeds with a lower sprout rate than a plant that produces fewer seeds. O There is statistically significant…arrow_forward
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