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 positive linear correlation between advertising cost and profit . Use a significance level of 0.01 and round all values to 4 decimal places. Advertising Cost 5 6 7 8 9 10 11 Ho: p= 0 Ha: p > 0 Find the p-value Profit 26 Find the Linear Correlation Coefficient r = 0.755 x p-value = 0.021:x 24 29 31 21 24 34
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 positive linear correlation between advertising cost and profit . Use a significance level of 0.01 and round all values to 4 decimal places. Advertising Cost 5 6 7 8 9 10 11 Ho: p= 0 Ha: p > 0 Find the p-value Profit 26 Find the Linear Correlation Coefficient r = 0.755 x p-value = 0.021:x 24 29 31 21 24 34
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 8PPS
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