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. 21 8 Time Money 30 5 99 23 28 18 94 77 14 70 97 29 a. Find the correlation coefficient: r 0.93 ✓ Round to 2 decimal places. b. The null and alternative hypotheses for correlation are: Ho: p 0 H₁ P 0 8 The p-value is: 0.0020 ✔ (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. 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. idence to conclude that there is a correlation between the that they spend at the
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. 21 8 Time Money 30 5 99 23 28 18 94 77 14 70 97 29 a. Find the correlation coefficient: r 0.93 ✓ Round to 2 decimal places. b. The null and alternative hypotheses for correlation are: Ho: p 0 H₁ P 0 8 The p-value is: 0.0020 ✔ (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. 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. idence to conclude that there is a correlation between the that they spend at the
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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