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 0.05 and round all values to 4 decimal places. Advertising Cost Profit 3 18 4 18 25 6 26 7 27 8 23 9. 26 10 34 Ho: p = 0 На: р> 0 Find the Linear Correlation Coefficient r = Find the p-value 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 2AGP
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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 positive 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
18
4
18
25
26
7
27
8
23
26
10
34
Но: р %3D 0
На: р> 0
Find the Linear Correlation Coefficient
r =
Find the p-value
p-value =
Transcribed Image Text: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 0.05 and round all values to 4 decimal places. Advertising Cost Profit 3 18 4 18 25 26 7 27 8 23 26 10 34 Но: р %3D 0 На: р> 0 Find the Linear Correlation Coefficient r = Find the p-value p-value =
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