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 negative linear correlation betweenadvertising cost and profit . Use a significance level of 0.01 and round all values to 4 decimal places.Advertising CostProfit17415206.28717829Ho: p = 0На: р < 0Find the Linear Correlation Coefficientr =Find the p-valuep-value =The p-value isLess than (or equal to) aO Greater than aThe p-value leads to a decision toАссept HoReject HoO Do Not Reject HoThe conclusion isO 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 advertisingexpense and profit.

Please find the solution below. Given advertising cost and profit. We should find the linear…

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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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…
Part A: What is the most likely value of the correlation coefficient of the data in the table? Based on the correlation coefficient, describe the relationship between time and surface area of the lake. [Choose the value of the correlation coefficient from −1, −0.98, −0.5, −0.02.] Part B: What is the value of the slope of the graph of surface area versus time between 15 and 20 days, and what does the slope represent? Part C: Does the data in the table represent correlation or causation? Explain your answer.
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…
What effect does an outlier have on a correlation coefficient? Would it increase, decrease or stay the same?
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…
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
The data below shows the selling price (in hundred thousands) and the list price (in hundred thousands) of homes sold. Construct a scatterplot, find the value of the linear correlation coefficient r, and P-value using a = 0.05. Is there sufficient evidence to conclude that there is a linear correlation between the two variables? Selling Price (x) List Price (y) H₁: p#0 400 412 Construct a scatterplot. Choose the correct graph below. 301 315 376 387 434 440 459 488 H₁ p > 0 477 480 319 324 352 368 417 434 330 341
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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
Can you please check my work
Based on the scatter plot below on data from Central Harlem, would you estimate the correlation coefficient to be positive, negative, or close to 0? Select the correct correlation and corresponding explanation. Household Income vs. Serious Crime Rate (per 1,000 residents) CentralHarlem Data Scatter Plot: 22- 21- 20- 19- 18- 17 16- 15 32 34 36 38 40 42 Household_Income (thousands) Positive; As the household income increases, the serious crime rate decreases. A. Negative; As the household income increases, the serious crime rate decreases. B. Positive; As the household income increases, the serious crime rate also increases. OC. Negative; As the household income increases, the serious crime rate also increases. D. Close to 0; There is no linear correlation between household income and serious crime rate. E. A Moving to another question will save this response. Question 24 of 25 MacBook Air Serious crime_rate
Calculate test statistic Decide whether to reject or fail to reject

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