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 5 28 20 21 Money 48 97 91 61 94 26 30 19 6 14 106 72 47 30 Round to 2 decimal places. a. Find the correlation coefficient: >= b. The null and alternative hypotheses for correlation are: H₂ : ?✓ = 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. There is statistically insignificant evidence to conclude that a customer who spends more time
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 5 28 20 21 Money 48 97 91 61 94 26 30 19 6 14 106 72 47 30 Round to 2 decimal places. a. Find the correlation coefficient: >= b. The null and alternative hypotheses for correlation are: H₂ : ?✓ = 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. There is statistically insignificant evidence to conclude that a customer who spends more time
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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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 5 28 20 21
Money 48 97 91 61 94
26 30 19 6 14
106
72
47
30
a. Find the correlation coefficient: r=|
b. The null and alternative hypotheses for correlation are:
Ho: ?✓ = 0
H₁ : ?
#0
The p-value is:
Round to 2 decimal places.
(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 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 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 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.
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