Income Income A suburban hotel derives its revenue from its hotel and restaurant operations. The owners are interested in the relationship between the number of rooms occupied on a nightly basis and the revenue per day in the restaurant. Following is a sample of 25 days (Monday through Thursday) from last year showing the restaurant income and number of rooms occupied. Revenue Occupied $ 1,452 1,361 1,426 1,470 1,456 1,430 1,354 1,442 1,394 1,459 1,399 1,458 1,537 Day Day Revenue Occupied 27 23 $ 1,425 1,445 1,439 1,348 1,450 1,431 1,446 1,485 1,405 1,461 1,490 1,426 14 47 15 34 3 21 16 15 4. 39 17 19 5. 37 18 38 6. 29 19 44 7. 23 20 47 8. 44 21 43 45 22 38 10 16 23 51 11 30 24 61 12 42 25 39 13 54 pictureClick here for the Excel Data File a. Choose the scatter diagram that best fits the data. Scatter diagram 1 Scatter diagram 2 Scatter diagram Scatterplot of Income vs Occupied Scatterplot of Income vs Occupied 1550 Scatterplot of Income vs Oc 1600 1550 1600 1560 1600 1600 1460 1460 1460 1400 1400 1400 1350 1360 1360 < Prev 3 of 10 Next > Ch13 40 18e.xlsx

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I need help with B, C-1, and C-2
Income
Income
A suburban hotel derives its revenue from its hotel and restaurant operations. The owners are interested in the relationship between
the number of rooms occupied on a nightly basis and the revenue per day in the restaurant. Following is a sample of 25 days (Monday
through Thursday) from last year showing the restaurant income and number of rooms occupied.
Day
Revenue Occupied
$ 1,452
1,361
1,426
1,470
1,456
Day
Revenue
Occupied
27
$ 1,425
1,445
1,439
1,348
1,450
23
14
47
15
34
15
3
21
16
4.
39
17
19
37
18
38
6
1,430
1,354
1,442
1,394
1,459
1,399
1,458
1,537
29
19
1,431
1,446
44
23
20
47
44
21
1,485
1,405
1,461
1,490
1,426
43
45
22
38
10
16
23
51
11
30
24
61
12
42
25
39
13
54
pictureClick here for the Excel Data File
a. Choose the scatter diagram that best fits the data.
Scatter diagram 1
Scatter diagram 2
Scatter diagram 3
Scatterplot of Income vs Occupied
Scatterplot of Income vs Occupied
1550
Scatterplot of Income vs 0c-
1600
1500
1550
1560
1500
1500
1460
1450
1460
1400
1400
1400 -
1360
1360
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Ch13 40 18e.xlsx
Transcribed Image Text:Income Income A suburban hotel derives its revenue from its hotel and restaurant operations. The owners are interested in the relationship between the number of rooms occupied on a nightly basis and the revenue per day in the restaurant. Following is a sample of 25 days (Monday through Thursday) from last year showing the restaurant income and number of rooms occupied. Day Revenue Occupied $ 1,452 1,361 1,426 1,470 1,456 Day Revenue Occupied 27 $ 1,425 1,445 1,439 1,348 1,450 23 14 47 15 34 15 3 21 16 4. 39 17 19 37 18 38 6 1,430 1,354 1,442 1,394 1,459 1,399 1,458 1,537 29 19 1,431 1,446 44 23 20 47 44 21 1,485 1,405 1,461 1,490 1,426 43 45 22 38 10 16 23 51 11 30 24 61 12 42 25 39 13 54 pictureClick here for the Excel Data File a. Choose the scatter diagram that best fits the data. Scatter diagram 1 Scatter diagram 2 Scatter diagram 3 Scatterplot of Income vs Occupied Scatterplot of Income vs Occupied 1550 Scatterplot of Income vs 0c- 1600 1500 1550 1560 1500 1500 1460 1450 1460 1400 1400 1400 - 1360 1360 < Prev 3 of 10 Next > Ch13 40 18e.xlsx
b. Determine the coefficient of correlation between the two variables. (Round your answer to 3 decimal places.)
Pearson correlation
c-1. State the decision rule for 0.10 significance level: Ho:ps0; H;: p>0. (Round your answer to 3 decimal places.)
es
Reject Ho if t>
c-2. Compute the value of the test statistic. (Round your answer to 2 decimal places.)
Value of the test statistic
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Ch13 40 18e Ch13_40 18e.xlsx
Transcribed Image Text:b. Determine the coefficient of correlation between the two variables. (Round your answer to 3 decimal places.) Pearson correlation c-1. State the decision rule for 0.10 significance level: Ho:ps0; H;: p>0. (Round your answer to 3 decimal places.) es Reject Ho if t> c-2. Compute the value of the test statistic. (Round your answer to 2 decimal places.) Value of the test statistic < Prev 3 of 10 Next > Ch13 40 18e Ch13_40 18e.xlsx
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