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 positive 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 26 4 29 23 6 30 7 19 8 22 9 25 10 20 11 33 Но: р- 0 На: р > 0 Find the Linear Correlation Coefficient r = Find the p-value p-value = The p-value is Greater than a Less than (or equal to) a The p-value leads to a decision to Accept Ho Do Not Reject Ho Reject Ho The conclusion is There is a significant positive linear correlation between advertising expense and profit. There is insufficient evidence to make a conclusion about the linear correlation between advertising expense and profit. There is a significant linear correlation between advertising expense and profit. There is a significant negative linear correlation between advertising expense and profit.

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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 positive 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
26
4
29
5
23
6
30
7
19
8
22
9.
25
10
20
11
33
Но: р %3D 0
На: р> 0
Find the Linear Correlation Coefficient
r =
Find the p-value
p-value =
The p-value is
o Greater than a
o Less than (or equal to) a
The p-value leads to a decision to
о Аcсept Ho
O Do Not Reject Ho
O Reject Ho
The conclusion is
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 profit.
O There is a significant linear correlation between advertising expense and profit.
O There is a significant negative linear correlation between advertising expense and profit.
Transcribed Image Text: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 positive 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 26 4 29 5 23 6 30 7 19 8 22 9. 25 10 20 11 33 Но: р %3D 0 На: р> 0 Find the Linear Correlation Coefficient r = Find the p-value p-value = The p-value is o Greater than a o Less than (or equal to) a The p-value leads to a decision to о Аcсept Ho O Do Not Reject Ho O Reject Ho The conclusion is 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 profit. O There is a significant linear correlation between advertising expense and profit. O There is a significant negative linear correlation between advertising expense and profit.
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