Question

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 23
4 20
5 27
6 25
7 30
8 23
9 21
10 23
11 33
12 29

Find p value.

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