question 30Listed 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 CostProfit3184295236277178199321025The p-value isLess than (or equal to) ααGreater than αα The p-value leads to a decision toAccept HoDo Not Reject HoReject Ho The conclusion is There is a significant positive linear correlation between advertising expense and profit.There is a significant negative 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.

Let X and Y be the two random variable, then the correlation coefficient between X and Y is defined…

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

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question 30

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	18
4	29
5	23
6	27
7	17
8	19
9	32
10	25

The p-value is

Less than (or equal to) αα
Greater than αα

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 a significant negative 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.

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