The data shown below consists of the price (in dollars) of 7 events at a local venue and t of people who attended. Determine if there is significant linear correlation between tick number of attendees. Use a significance level of 0.05 and round all values to 4 decimal p Ticket Price Attendance 6. 172 10 160 14 190 18 183 22 157 26 169 30 158
The data shown below consists of the price (in dollars) of 7 events at a local venue and t of people who attended. Determine if there is significant linear correlation between tick number of attendees. Use a significance level of 0.05 and round all values to 4 decimal p Ticket Price Attendance 6. 172 10 160 14 190 18 183 22 157 26 169 30 158
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
I need help with the first three parts

Transcribed Image Text: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 is significant linear correlation between ticket price and
number of attendees. Use a significance level of 0.05 and round all values to 4 decimal places.
Ticket Price Attendance
172
10
160
14
190
18
183
22
157
26
169
30
158
34
179
38
185
Note that Ho: p = 0; Ha:p7 0.
Find the Linear Correlation Coefficient: r =
Find the p-value: p =
The p-value is
OLess than (or equal to) a.
Greater than a.
The p-value leads to a decision to
Reject Ho.
ODo Not Reject H9.
Accent H.
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 1 images

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Recommended textbooks for you

MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc

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
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning

MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc

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
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning

Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON

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
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman