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 negative 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 10 137 14 130 18 153 22 154 26 107 30 103 34 175 Ho: p = 0 Ha: p<0 Find the Linear Correlation Coefficient r = Find the p-value p-value = The p-value is Less than (or equal to) a Greater than a The p-value leads to a decision to Reject Ho O Accept Ho
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 negative 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 10 137 14 130 18 153 22 154 26 107 30 103 34 175 Ho: p = 0 Ha: p<0 Find the Linear Correlation Coefficient r = Find the p-value p-value = The p-value is Less than (or equal to) a Greater than a The p-value leads to a decision to Reject Ho O Accept Ho
MATLAB: An Introduction with Applications
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Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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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 negative 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
137
14
130
18
153
22
154
26
107
30
103
34
175
Ho: p = 0
Ha: p < 0
Find the Linear Correlation Coefficient
r =
Find the p-value
p-value =
The p-value is
Less than (or equal to) a
Greater than a
The p-value leads to a decision to
Reject Ho
Accept Ho
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