Answered: Ticket Price Attendence 6 196 10 103 14…

Ticket Price Attendence 6 196 10 103 14 177 18 107 22 112 26 137 30 116 34 143 38 182 Ho: ρ = 0 Ha: ρ ≠ 0 Find the Linear Correlation Coefficient r = ? Find the p-value p-value = ?

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 24PFA

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Question

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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 linear correlation between ticket price and number of attendees. Use a significance level of 0.01 and round all values to 4 decimal places.