The data shown below consists of the price (in dollars) of 7 events at a local venue and the number of people whoattended. Determine if there is significant negative linear correlation between ticket price and number of attendees. Usea significance level of 0.01 and round all values to 4 decimal places.Ticket Price Attendence10182612810615614013918113930Ho: p=0Ha: poFind the Linear Correlation CoefficientFind the p-value韎p-value

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Asked Apr 17, 2019
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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
10
18
26
128
106
156
140
139
181
139
30
Ho: p=0
Ha: po
Find the Linear Correlation Coefficient
Find the p-value
韎
p-value
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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 10 18 26 128 106 156 140 139 181 139 30 Ho: p=0 Ha: po Find the Linear Correlation Coefficient Find the p-value 韎 p-value

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Expert Answer

Step 1

In this question, we have the data about Ticket Price and Attendance, we have to find the correlation coefficient between these two variables and then we have to conduct the hypothesis testing.  

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Step 2

Here I have calculated the correlation coefficient and for the calculation of correlation coefficient we had calculated sum value that has shown in table mentioned on whiteboard and the calculation for correlation coefficient has also been mentioned on whiteboard.

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Step 3

Now here we have conducted the hypothesis testing and calc...

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Statistics

Hypothesis Testing

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