The conclusion is O There is a significant positive linear correlation between ticket price and attendance. O There is a significant negative linear correlation between ticket price and attendance. O There is insufficient evidence to make a conclusion about the linear correlation between ticket price and attendance. O There is a significant linear correlation between ticket price and attendance.
The conclusion is O There is a significant positive linear correlation between ticket price and attendance. O There is a significant negative linear correlation between ticket price and attendance. O There is insufficient evidence to make a conclusion about the linear correlation between ticket price and attendance. O There is a significant linear correlation between ticket price and attendance.
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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Transcribed Image Text:Question 1
The data shown below consists of the price (in dollars) of 7 events at a local venue and the number of
people who attended. Determine if there significant linear correlation between ticket price and number
of attendees. Use a significance level of 0.01 and round all values to 4 decimal places.
Ticket Price
6
10
14
18
22
26
Ho: p = 0
Ha: p = 0
Find the Linear Correlation Coefficient
r =
Find the p-value
p-value =
Attendence
152
142
142
140
136
133
The p-value is
O Greater than a
O Less than (or equal to) a
The p-value leads to a decision to
O Do Not Reject Ho
O Reject Ho
O Accept Ho

Transcribed Image Text:The conclusion is
O There is a significant positive linear correlation between ticket price and attendance.
O There is a significant negative linear correlation between ticket price and attendance.
O There is insufficient evidence to make a conclusion about the linear correlation between ticket price
and attendance.
O There is a significant linear correlation between ticket price and attendance.
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