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 particular market along with the corresponding price. These data have a sample correlation​ coefficient, rounded to three decimal​ places, of negative 0.888. Using alpha equals 0.10​, test if the population correlation coefficient between the selling price and the demand for the camera is less than zero.   Demand Price 17 300 20 310 15 320 11 330 9 340 What is the​ p-value?

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 2CYU
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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 particular market along with the corresponding price. These data have a sample correlation​ coefficient, rounded to three decimal​ places, of negative 0.888. Using alpha equals 0.10​, test if the population correlation coefficient between the selling price and the demand for the camera is less than zero.

 

Demand Price
17 300
20 310
15 320
11 330
9 340

What is the​ p-value?

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