An electronics retailer would like to investigate the relationship between the selling price of a digital camera and the demand for it. The table shown below gives the weekly demand for the camera in one particularmarket along with the corresponding price. These data have a sample correlation coefficient, rounded to three decimal places, of -0.852. Using a = 0.01, test if the population correlation coefficient between theselling price and the demand for the camera is less than zero. What conclusions can you draw?DemandPrice15$350OA. Ho: p≤0H₁: p>015$330What are the correct null and alternative hypotheses?OC. Ho: p=0H₁: p#018$340Ho- There11$360What is the test statistic?t= (Round to two decimal places as needed.)What is the p-value?p-value = (Round to three decimal places as needed.)State the conclusion.7$370enough evidence from the sample to conclude that p isOB. Ho p#0H₁: p=0OD. Ho: p20H₁: p<0zero.

The sample correlation coefficient is -0.852.

Answered: An electronics retailer would like to…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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