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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 6. 125 10 137 14 130 18 153 22 154 26 107 30 103 34 175 Ho: p = 0 Ha: p<0 Find the Linear Correlation Coefficient r = Find the p-value p-value = The p-value is Less than (or equal to) a Greater than a The p-value leads to a decision to Reject Ho O Accept Ho

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. 125 10 137 14 130 18 153 22 154 26 107 30 103 34 175 Ho: p = 0 Ha: p<0 Find the Linear Correlation Coefficient r = Find the p-value p-value = The p-value is Less than (or equal to) a Greater than a The p-value leads to a decision to Reject Ho O Accept Ho

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 2BGP
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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 6. 125 10 137 14 130 18 153 22 154 26 107 30 103 34 175 Ho: p = 0 Ha: p < 0 Find the Linear Correlation Coefficient r = Find the p-value p-value = The p-value is Less than (or equal to) a Greater than a The p-value leads to a decision to Reject Ho Accept Ho
Transcribed Image Text: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. 125 10 137 14 130 18 153 22 154 26 107 30 103 34 175 Ho: p = 0 Ha: p < 0 Find the Linear Correlation Coefficient r = Find the p-value p-value = The p-value is Less than (or equal to) a Greater than a The p-value leads to a decision to Reject Ho Accept Ho
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