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
icon
Related questions
Question
100%
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: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
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.
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.
Expert Solution
steps

Step by step

Solved in 6 steps with 4 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman