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 proft. Use a significance level of 0.05 and round all values to 4 decimal places. Advertising Cost Proft 3. 25 4. 28 20 6. 21 21 8. 22 6. 20 10 23 Ho: p 0 На: р 0

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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 linear correlation between advertising
cost and proft. Use a significance level of 0.05 and round all values to 4 decimal places.
Advertising Cost
Proft
25
4
28
20
6.
21
7.
21
8
22
6.
20
10
23
Ho: p 0
Ha: p z 0
Find the Linear Correlation Coefficient
Find the p-value
p-value
%3D
The p-value is
Greater than a
O Less than (or equal to) a
The p-value leads to a decision to
O Reject Ho
O Do Not Reject Ho
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 linear correlation between advertising cost and proft. Use a significance level of 0.05 and round all values to 4 decimal places. Advertising Cost Proft 25 4 28 20 6. 21 7. 21 8 22 6. 20 10 23 Ho: p 0 Ha: p z 0 Find the Linear Correlation Coefficient Find the p-value p-value %3D The p-value is Greater than a O Less than (or equal to) a The p-value leads to a decision to O Reject Ho O Do Not Reject Ho
p-value
The p-value is
Greater than a
O Less than (or equal to) a
The p-value leads to a decision to
Reject Ho
O Do Not Reject Ho
O Accept Ho
The conclusion is
O There is a significant linear correlation between advertising expense and profit.
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 advert
expense and profit.
O There is a significant negative linear correlation between advertising expense and profit.
Transcribed Image Text:p-value The p-value is Greater than a O Less than (or equal to) a The p-value leads to a decision to Reject Ho O Do Not Reject Ho O Accept Ho The conclusion is O There is a significant linear correlation between advertising expense and profit. 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 advert expense and profit. O There is a significant negative linear correlation between advertising expense and profit.
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