Listed below are paired data consisting of amounts spent on advertising (in millions of dollars) and theprofits (in millions of dollars). Determine if there is a significant positive linear correlation betweenadvertising cost and profit . Use a significance level of 0.05 and round all values to 4 decimal places.Advertising CostProfit3184182526727823261034Но: р %3D 0На: р> 0Find the Linear Correlation Coefficientr =Find the p-valuep-value =

Let X=advertising cost Y= Profit X=3,4,5,6,7,8,9,10 Y=18,18,25,26,27,23,26,34

Answered: Listed below are paired data consisting…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

You wish to determine if there is a positive linear correlation between the age of a driver and the number of driver deaths. The following table represents the age of a driver and the number of driver deaths per 100,000. Use a significance level of 0.05 and round all values to 4 decimal places. Driver Age Number of Driver Deaths per 100,000 21 19 27 20 58 31 77 31 47 24 50 26 Ho: ρ = 0Ha: ρ > 0 Find the Linear Correlation Coefficient r = Find the p-value p-value = The p-value is Greater than αα Less than (or equal to) αα The p-value leads to a decision to Reject Ho Accept Ho Do Not Reject Ho
èstion 1 Provide an appropriate response. In an area of the Great Plains, records were kept on the relationship between the rainfall (in inches) and the yield of wheat (bushels per acre). Calculate the linear correlation coefficient. 173 79 122 | 105 53.5 142 | 205 85.4 522 349 Rainfall (in inches), x 15.1 12 8.7 17.7 Yield (bushels per acre), y O 0.900 O 0.981 O 0.998 49.2 618 62 818 O 0.899 A Moving to another question will save this response. Question 1 of 20>> 11:33 AM (ゆッ 5/19/2021 PrtSen Home PgUP End E D B Alt
Listed below are paired data consisting of amounts spent on advertising (in millions of dollars) and the profits (in millions of dollars). Determine if there is a significant negative linear correlation between advertising cost and profit . Use a significance level of 0.01 and round all values to 4 decimal places. Advertising Cost Profit 17 4 15 20 6. 28 7 17 8 29 Ho: p = 0 На: р < 0 Find the Linear Correlation Coefficient r = Find the p-value p-value = The p-value is Less than (or equal to) a O Greater than a The p-value leads to a decision to Ассept Ho Reject Ho O Do Not Reject Ho The conclusion is O There is a significant negative linear correlation between advertising expense and profit. There is a significant positive linear correlation between advertising expense and profit. O There is a significant linear correlation between advertising expense and profit. O There is insufficient evidence to make a conclusion about the linear correlation between advertising expense and profit.
Let x be the average number of employees in a group health insurance plan, and let y be the average administrative cost as a percentage of claims. x 3 7 15 32 75 y 40 35 30 26 18 (a) Make a scatter diagram of the data and visualize the line you think best fits the data. Flash Player version 10 or higher is required for this question. You can get Flash Player free from Adobe's website. (b) Would you say the correlation is low, moderate, or strong? positive or negative? strong and negative moderate and negative strong and positive low and negative low and positive moderate and positive (c) Use a calculator to verify that Σx = 132, Σx2 = 6932, Σy = 149, Σy2 = 4725, and Σxy = 2997. Compute r. (Round your answer to three decimal places.)r = As x increases, does the value of r imply that y should tend to increase or decrease? Explain. Given our value of r, we cannot draw any conclusions for the behavior of y as x increases. Given our value of r, y should tend to…
The data below was taken from the fat (g) and sodium (mg) found in different types of food found at fast food restaurants. 19 31 34 35 39 39 43 _y 920 1310 860 1180 940 1260 1500 a) Find the p-value to determine if there is a linear correlation between fat (g) and sodium (mg). Record the p-value below. Round to four decimal places. p-value = b) Is there a linear correlation between fat (g) and sodium (mg)? c) If there is a linear correation, write the correlation coefficient below. Otherwise, leave it blank. Round your final answer to four decimal places. d) If there is a linear correlation, write the regression equation below. Otherwise, leave it blank. Round all numbers to four decimal places. e) Using the data shown above, predict the the sodium found in fast food when the fat is 32 g. Round your final answer to two decimal places. f) If there is a linear correlation, what percentage of variation in sodium (mg) can be explained by fat (g)? If there is not a linear correlation, leave…
Listed below are paired data consisting of amounts spent on advertising (in millions of dollars) and the profits (in millions of dollars). Determine if there is a significant linear correlation between advertising cost and profit . Use a significance level of 0.05 and round all values to 4 decimal places. Advertising Cost Profit 3 19 4 16 24 6 29 7 25 27 10 30 Ho: p = 0 На: р * 0 Find the Linear Correlation Coefficient r = Find the p-value p-value = The p-value is O Less than (or equal to) a O Greater than a The p-value leads to a decision to O Do Not Reject Ho O Accept Ho O Reject Ho The conclusion is O There is a significant negative linear correlation between advertising expense and profit. O There is a significant linear correlation between advertising expense and profit. O There is a significant positive linear correlation between advertising expense and profit. O There is insufficient evidence to make a conclusion about the linear correlation between advertising expense and…
The data shown below consists of the price (in dollars) of 7 events at a local venue and the number of people who attended. Determine if there is significant negative linear correlation between ticket price and number of attendees. Use a significance level of 0.05 and round all values to 4 decimal places. Ticket Price Attendence 6. 109 10 114 14 139 18 142 22 139 26 132 30 154 Но: = 0 На: р Find the Linear Correlation Coefficient r = Find the p-value p-value = %3D The p-value is Less than (or equal to) a Greater than a The p-value leads to a decision to Reject Ho Аcсept Ho Do Not Reject Ho The conclusion is There is a significant linear correlation between ticket price and attendance. There is a significant negative linear correlation between ticket price and attendance. There is a significant positive linear correlation between ticket price and attendance. There is insufficient evidence to make a conclusion about the linear correlation between ticket price and attendance.
Listed below are paired data consisting of amounts spent on advertising (in millions of dollars) and the profits (in millions of dollars). Determine if there is a significant linear correlation between advertising cost and profit Use a significance level of 0.01 and round all values to 4 decimal places. Advertising Cost Profit 3 21 4 16 5 29 17 7 28 8 21 Ho: p = 0 Ha: p +0 Find the Linear Correlation Coefficient r= Find the p-value p-value = The p-value is Less than (or equal to) a OGreater than a The p-value leads to a decision to Do Not Reject Ho OReject Ho OAccept Ho
Find R, R^2 and P Value
The data given below are the amount of export (x in 00 million taka) of fish and amount of export (y in 00 million of taka ) in different years. X у 7 10 17 22 1. Calculate 13 12 14 16 15 24 25 28 37 40 correlation coefficient of x and y and comment. 2. Test the significance of correlation at 5% level of significance and comment
What can be said about the relationship between the cost of advertising and the number of products sold? A. Strong negative correlation B. very strong negative correlation. C. Strong positive correlation. D. Very strong positive correlation
After gathering data about the number of starfish and measuring the pollution in areas of the ocean you find a negative linear correlation between pollution levels and number of starfish. What can you conclude based on this information? a. There is a confounding variable that is affecting both pollution and starfish. b. As pollution rises the number of starfish falls c. That pollution is causing starfish to die, leading to the negative correlation d. That pollution is supporting starfish, leading to the negative correlation

SEE MORE QUESTIONS

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS