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.
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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