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 0.01 and round all values to 4 decimal places. Ticket Price 6 10 14 18 22 26 30 Attendence 151 146 146 145 138 137 137
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 0.01 and round all values to 4 decimal places. Ticket Price 6 10 14 18 22 26 30 Attendence 151 146 146 145 138 137 137
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: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 0.01 and round all values to 4 decimal places.
Ticket Price
6
10
14
18
22
26
30
r=
Ho: p= 0
Ha: p=0
Find the Linear Correlation Coefficient
Find the p-value
p-value=
Attendence
151
146
146
145
The p-value is
138
137
137
O Less than (or equal to) a
O Greater than a
The p-value leads to a decision to
Accept Ho
Reject Ho
Do Not Reject Ho
The conclusion is
There is insufficient evidence to make a conclusion about the linear correlation between ticket price
and attendance.
There is a significant negative linear correlation between ticket price and attendance.
There is a significant positive linear correlation between ticket price and attendance.
There is a significant linear correlation between ticket price and attendance.
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