A grocery store manager did a study tó loðk at the felation customers spend in the store and the amount of money (in dollars) they spend. The results of the survey are shown below. Time 28 15 12 12 28 23 Money 82 72 43 8 58 82 70 a. Find the correlation coefficient: r = Round to 2 decimal places. b. The null and alternative hypotheses for correlation are: Ho: ? v = 0 H1: ? 0 The p-value is: (Round to four decimal places) c. Use a level of significance of a = 0.05 to state the conclusion of the hypothesis test in the context of the study. O There is statistically insignificant evidence to conclude that there is a correlation between the amount of time customers spend at the store and the amount of money that they spend at the store. Thus, the use of the regression line is not appropriate. O There is statistically significant evidence to conclude that there is a correlation between the amount of time customers spend at the store and the amount of money that they spend at the store. Thus, the regression line is useful. O There is statistically significant evidence to conclude that a customer who spends more time at the store will spend more money than a customer who spends less time at the store. O There is statistically insignificant evidence to conclude that a customer who spends more time at the store will spend more money than a customer who spends less time at the store. un docimal places)

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77% of all customers will spend the
f. The equation of the linear regression line is:
=
I (Please show your answers to two decimal places)
+
g. Use the model to predict the amount of money spent by a customer who spends 12 minutes at the
store.
Dollars spent =
(Please round your answer to the nearest whole number.)
the context of the guestion:
Transcribed Image Text:77% of all customers will spend the f. The equation of the linear regression line is: = I (Please show your answers to two decimal places) + g. Use the model to predict the amount of money spent by a customer who spends 12 minutes at the store. Dollars spent = (Please round your answer to the nearest whole number.) the context of the guestion:
A grocery store manager did a study to look at the relationship between the amount of time (in minutes)
customers spend in the store and the amount of money (in dollars) they spend. The results of the survey
are shown below.
Time
28
15
12
12
28
23
Money
82
72
43
8
58
82
70
a. Find the correlation coefficient: r =
Round to 2 decimal places.
b. The null and alternative hypotheses for correlation are:
Ho: ?v
H1: ?v
= 0
The p-value is:
(Round to four decimal places)
c. Use a level of significance of a = 0.05 to state the conclusion of the hypothesis test in the context
of the study.
O There is statistically insignificant evidence to conclude that there is a correlation between the
amount of time customers spend at the store and the amount of money that they spend at the
store. Thus, the use of the regression line is not appropriate.
O There is statistically significant evidence to conclude that there is a correlation between the
amount of time customers spend at the store and the amount of money that they spend at the
store. Thus, the regression line is useful.
O There is statistically significant evidence to conclude that a customer who spends more time
at the store will spend more money than a customer who spends less time at the store.
O There is statistically insignificant evidence to conclude that a customer who spends more time
at the store will spend more money than a customer who spends less time at the store.
d. r2
(Round to two decimal places)
77% of all of those customers
Transcribed Image Text:A grocery store manager did a study to look at the relationship between the amount of time (in minutes) customers spend in the store and the amount of money (in dollars) they spend. The results of the survey are shown below. Time 28 15 12 12 28 23 Money 82 72 43 8 58 82 70 a. Find the correlation coefficient: r = Round to 2 decimal places. b. The null and alternative hypotheses for correlation are: Ho: ?v H1: ?v = 0 The p-value is: (Round to four decimal places) c. Use a level of significance of a = 0.05 to state the conclusion of the hypothesis test in the context of the study. O There is statistically insignificant evidence to conclude that there is a correlation between the amount of time customers spend at the store and the amount of money that they spend at the store. Thus, the use of the regression line is not appropriate. O There is statistically significant evidence to conclude that there is a correlation between the amount of time customers spend at the store and the amount of money that they spend at the store. Thus, the regression line is useful. O There is statistically significant evidence to conclude that a customer who spends more time at the store will spend more money than a customer who spends less time at the store. O There is statistically insignificant evidence to conclude that a customer who spends more time at the store will spend more money than a customer who spends less time at the store. d. r2 (Round to two decimal places) 77% of all of those customers
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