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 0.01 and round all values to 4 decimal places. Advertising Cost 5 6 7 8 9 10 11 Ho: p= 0 Ha: p > 0 Find the p-value Profit 26 Find the Linear Correlation Coefficient r = 0.755 x p-value = 0.021:x 24 29 31 21 24 34
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 0.01 and round all values to 4 decimal places. Advertising Cost 5 6 7 8 9 10 11 Ho: p= 0 Ha: p > 0 Find the p-value Profit 26 Find the Linear Correlation Coefficient r = 0.755 x p-value = 0.021:x 24 29 31 21 24 34
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
![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 0.01 and round all values
to 4 decimal places.
Advertising Cost
5
6
7
8
9
10
11
Ho: p= 0
Ha: p > 0
Find the Linear Correlation Coefficient
r = 0.755 X
Find the p-value
p-value=
=
Profit
26
24
29
31
21
24
34
0.021: X](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5f23cef6-8168-49e8-a2d7-23f21c519658%2F830f5d41-5f88-4461-92fa-07ebc19e3938%2Faalh4bc_processed.jpeg&w=3840&q=75)
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 0.01 and round all values
to 4 decimal places.
Advertising Cost
5
6
7
8
9
10
11
Ho: p= 0
Ha: p > 0
Find the Linear Correlation Coefficient
r = 0.755 X
Find the p-value
p-value=
=
Profit
26
24
29
31
21
24
34
0.021: X
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