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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