Question 15 The data shown below consists of the price (in dollars) of 7 events at a local venue and the number of people who attended. Determine if there is significant negative linear correlation between ticket price and number of attendees. Use a significance level of 0.01 and round all values to 4 decimal places. Ticket Price Attendence 6 147 10 144 14 145 18 146 22 135 26 134 30 133 Ho: ρ = 0 Ha: ρ < 0 Find the Linear Correlation Coefficient r = Find the p-value p-value =
Question 15
The data shown below consists of the price (in dollars) of 7 events at a local venue and the number of people who attended. Determine if there is significant
| Ticket Price | Attendence |
|---|---|
| 6 | 147 |
| 10 | 144 |
| 14 | 145 |
| 18 | 146 |
| 22 | 135 |
| 26 | 134 |
| 30 | 133 |
Ho: ρ = 0
Ha: ρ < 0
Find the Linear Correlation Coefficient
r =
Find the p-value
p-value =
Question 16
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 negative linear correlation between advertising cost and profit . Use a significance level of 0.01 and round all values to 4 decimal places.
| Advertising Cost | Profit |
|---|---|
| 3 | 26 |
| 4 | 14 |
| 5 | 22 |
| 6 | 26 |
| 7 | 31 |
| 8 | 26 |
| 9 | 28 |
| 10 | 21 |
Ho: ρ = 0
Ha: ρ < 0
Find the Linear Correlation Coefficient
r =
Find the p-value
p-value =
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