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An electronics retailer would like to investigate the relationship between the selling price of a digital camera and the demand for it. The table shown below gives the weekly demand for the camera in one particular market along with the corresponding price. These data have a sample correlation coefficient, rounded to three decimal places, of -0.852. Using a = 0.01, test if the population correlation coefficient between the selling price and the demand for the camera is less than zero. What conclusions can you draw? D Demand Price 15 $330 OA. Ho ps0 H₁ p>0 What are the correct null and alternative hypotheses? OC. Ho p=0 H₁: p#0 18 $340 15 $350 What is the test statistic? t=(Round to two decimal places as needed.) What is the p-value? Ho There 11 $360 p-value = (Round to three decimal places as needed.) State the conclusion. 4 7 $370 enough evidence from the sample to conclude that p is. OB. Ho p#0 H₁: p=0 OD. Ho: p20 H1-p<0 zero.

An electronics retailer would like to investigate the relationship between the selling price of a digital camera and the demand for it. The table shown below gives the weekly demand for the camera in one particular market along with the corresponding price. These data have a sample correlation coefficient, rounded to three decimal places, of -0.852. Using a = 0.01, test if the population correlation coefficient between the selling price and the demand for the camera is less than zero. What conclusions can you draw? D Demand Price 15 $330 OA. Ho ps0 H₁ p>0 What are the correct null and alternative hypotheses? OC. Ho p=0 H₁: p#0 18 $340 15 $350 What is the test statistic? t=(Round to two decimal places as needed.) What is the p-value? Ho There 11 $360 p-value = (Round to three decimal places as needed.) State the conclusion. 4 7 $370 enough evidence from the sample to conclude that p is. OB. Ho p#0 H₁: p=0 OD. Ho: p20 H1-p<0 zero.

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 11PPS
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An electronics retailer would like to investigate the relationship between the selling price of a digital camera and the demand for it. The table shown below gives the weekly demand for the camera in one particular market along with the corresponding price. These data have a sample correlation coefficient, rounded to three decimal places, of -0.852. Using a = 0.01, test if the population correlation coefficient between the selling price and the demand for the camera is less than zero. What conclusions can you draw? Demand Price 15 $350 OA. Ho: p≤0 H₁: p>0 15 $330 What are the correct null and alternative hypotheses? OC. Ho: p=0 H₁: p#0 18 $340 Ho- There 11 $360 What is the test statistic? t= (Round to two decimal places as needed.) What is the p-value? p-value = (Round to three decimal places as needed.) State the conclusion. 7 $370 enough evidence from the sample to conclude that p is OB. Ho p#0 H₁: p=0 OD. Ho: p20 H₁: p<0 zero.
Transcribed Image Text:An electronics retailer would like to investigate the relationship between the selling price of a digital camera and the demand for it. The table shown below gives the weekly demand for the camera in one particular market along with the corresponding price. These data have a sample correlation coefficient, rounded to three decimal places, of -0.852. Using a = 0.01, test if the population correlation coefficient between the selling price and the demand for the camera is less than zero. What conclusions can you draw? Demand Price 15 $350 OA. Ho: p≤0 H₁: p>0 15 $330 What are the correct null and alternative hypotheses? OC. Ho: p=0 H₁: p#0 18 $340 Ho- There 11 $360 What is the test statistic? t= (Round to two decimal places as needed.) What is the p-value? p-value = (Round to three decimal places as needed.) State the conclusion. 7 $370 enough evidence from the sample to conclude that p is OB. Ho p#0 H₁: p=0 OD. Ho: p20 H₁: p<0 zero.
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