The data shown below consists of the price (in dollars) of 7events at a local venue and the number of people whoattended. Determine if there is significant negative linearcorrelation between ticket price and number of attendees.Use a significance level of 0.05 and round all values to 4decimal places.Ticket PriceAttendence6.109101141413918142221392613230154Но:= 0На: рFind the Linear Correlation Coefficientr =Find the p-valuep-value =%3DThe p-value isLess than (or equal to) aGreater than aThe p-value leads to a decision toReject HoАcсept HoDo Not Reject HoThe conclusion isThere is a significant linear correlation betweenticket price and attendance.There is a significant negative linear correlationbetween ticket price and attendance.There is a significant positive linear correlationbetween ticket price and attendance.There is insufficient evidence to make a conclusionabout the linear correlation between ticket priceand attendance.

We have given that Sample size n = 10 We want to find correlation coefficients. Degree of freedom…

Answered: The data shown below consists of the…

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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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 Attendence 6 125 10 147 14 193 18 165 22 125 26 110 30 187 Ho: ρ = 0Ha: ρ ≠ 0 Find the Linear Correlation Coefficient r = Find the p-value p-value = The p-value is Less than (or equal to) αα Greater than αα The p-value leads to a decision to Do Not Reject Ho Accept Ho Reject Ho The conclusion is There is a significant linear correlation between ticket price and attendance. There is insufficient evidence to make a conclusion about the linear correlation between ticket price and attendance. There is a significant positive linear correlation between ticket price and attendance. There is a significant negative linear correlation…
use the sample data to construct a scatterplot. Use the first variable for the x-axis. Based on the scatterplot, what do you conclude about a linear correlation? FORECAST AND ACTUAL TEMPERATURES The table lists actual high temperatures and the high temperatures that were previously forecasted for these same days. The table includes data for ten different days near the author’s home. What does the result suggest about the accuracy of five-day predicted high temperatures?
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 Attendence 6 170 10 151 14 171 18 160 22 172 26 179 30 130 Но: р %3D 0 Ha: p = 0 Find the Linear Correlation Coefficient Find the p-value p-value = The p-value is O Less than (or equal to) a O Greater than a
Let x be the average number of employees in a group health insurance plan, and let y be the average administrative cost as a percentage of claims. x 3 7 15 32 75 y 40 35 30 26 18 (a) Make a scatter diagram of the data and visualize the line you think best fits the data. Flash Player version 10 or higher is required for this question. You can get Flash Player free from Adobe's website. (b) Would you say the correlation is low, moderate, or strong? positive or negative? strong and negative moderate and negative strong and positive low and negative low and positive moderate and positive (c) Use a calculator to verify that Σx = 132, Σx2 = 6932, Σy = 149, Σy2 = 4725, and Σxy = 2997. Compute r. (Round your answer to three decimal places.)r = As x increases, does the value of r imply that y should tend to increase or decrease? Explain. Given our value of r, we cannot draw any conclusions for the behavior of y as x increases. Given our value of r, y should tend to…
A food truck owner recorded the temperature at noon, in degrees Fahrenheit, and the number of bowls of soup sold during the lunch hour for a random sample of 5 days. The data are shown in the following table. Temperature (degrees Fahrenheit) 57 75 43 68 67 Number sold 17 12 20 8 13 The mean temperature of the sample is 62 degrees Fahrenheit, and the mean number sold is 14. What is the correlation between the temperature and the number sold? A -0.85 B -0.68 0.68 D 0.73 E 0.85
Please explain each step clearly, and no excel formula should be used for solving this problem
A manager wishes to determine the relationship between the number of years the manager's sales representatives have been with the company and their average monthly sales (in thousands of dollars). Calculate the linear correlation coefficient.Years with company, x: 6,7,14,11,12,19,7,5,15Sales, y: 21,23,68,52,55,51,38,45,110
What can be said about the relationship between the cost of advertising and the number of products sold? A. Strong negative correlation B. very strong negative correlation. C. Strong positive correlation. D. Very strong positive correlation
The accompanying table lists the ages of acting award winners matched by the years in which the awards were won. Construct a scatterplot, find the value of the linear correlation coefficient r, and find the P-value of r. Determine whether there is sufficient evidence to support a claim of linear correlation between the two variables. Should we expect that there would be a correlation? Use a significance level of a = 0.01. Click the icon to view the ages of the award winners. Construct a scatterplot. Choose the correct graph below. OA 70- 20- 20 70 Best Actress (years) B. 70- 20- 20 70 Best Actress (years) The linear correlation coefficient is r = (Round to three decimal places as needed.) 70- 20- 20 70 Best Actress (years) Q G D. 70- 20- 20 70 Best Actress (years)
Stan measured the circumference of his classmates' heads and compared it with their current grade in Math. The results are in the given table. Head (cm) Grade 55 23 53 92 57 84 56 88 55 97 53 87 54 72 57 64 57 91 Is there a strong correlation in this data set? How do you know? Yes, there is a strong correlation because the slope is 126.5. No, there is NOT a strong correlation because the correlation coefficient is -0.89, which is close to -1.
Find a best fit line for ice cream consumption and murders. This is a classic example of "spurious" correlation. Ice Cream 2,1,2,3,2,4,5,3,2,1,2,1 Murders 8,21,16,18,22,25,22,30,20,10,14,9
An LCBO employee compares the relationship between the price of 6 different vintage bottles of wine, and the number of those bottles that have been purchased in the last 3 months to see if there is a correlation between the number of bottles purchased and the price of the bottle. Number of Bottles of Wine Purchased in the Price of Wine Bottle ($) Last 3 Months 44 18 93 65 82 56 25 60 15 30 20 40

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