MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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A grocery store manager did a study to look at the relationship between the amount of time (in minutes) customers spend in the store and the amount of money (in dollars) they spend. The results of the survey are shown below.
Time | 12 | 21 | 6 | 5 | 29 | 5 | 30 |
---|---|---|---|---|---|---|---|
Money | 58 | 61 | 18 | 36 | 92 | 8 | 87 |
- Find the
correlation coefficient : r=r= Round to 2 decimal places. - The null and alternative hypotheses for correlation are:
H0:H0: ? μ r ρ == 0
H1:H1: ? r μ ρ ≠≠ 0
The p-value is: (Round to four decimal places) - r2r2 = (Round to two decimal places)
- The equation of the linear regression line is:
ˆyy^ = + xx (Please show your answers to two decimal places) - Use the model to predict the amount of money spent by a customer who spends 19 minutes at the store.
Dollars spent = (Please round your answer to the nearest whole number.)
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