The following data set shows the weekly advertising expenditure and sales of 12 retail merchants selling face masks. Cost Sales 40 385 20 400 25 395 20 365 30 475 50 440 40 490 20 420 50 560 40 525 25 480 50 510 1. Plot a scatter diagram. Does it appear that there is a linear relationship between advertising cost and sales? Why or why not? 2. Compute the correlation coefficient. (Round of to 4 decimal places.) 3. Interpret the computed correlation coefficient.
The following data set shows the weekly advertising expenditure and sales of 12 retail merchants selling face masks. Cost Sales 40 385 20 400 25 395 20 365 30 475 50 440 40 490 20 420 50 560 40 525 25 480 50 510 1. Plot a scatter diagram. Does it appear that there is a linear relationship between advertising cost and sales? Why or why not? 2. Compute the correlation coefficient. (Round of to 4 decimal places.) 3. Interpret the computed correlation coefficient.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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Problem 1P
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Question
Answer the following problem about hypothesis testing with up to four decimal places.
![The following data set shows the weekly advertising expenditure and sales of 12 retail merchants selling
face masks.
Cost
Sales
40
385
20
400
25
395
20
365
30
475
50
440
40
490
20
420
50
560
40
525
25
480
50
510
1. Plot a scatter diagram. Does it appear that there is a linear relationship between advertising cost
and sales? Why or why not?
2. Compute the correlation coefficient. (Round of to 4 decimal places.)
3.
Interpret the computed correlation coefficient.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Feb4e7eaf-fc8a-4a28-807c-7b9f451fe6e4%2Fdc99f551-394a-4839-926a-48bb7b90d8b1%2Fmndy0s_processed.png&w=3840&q=75)
Transcribed Image Text:The following data set shows the weekly advertising expenditure and sales of 12 retail merchants selling
face masks.
Cost
Sales
40
385
20
400
25
395
20
365
30
475
50
440
40
490
20
420
50
560
40
525
25
480
50
510
1. Plot a scatter diagram. Does it appear that there is a linear relationship between advertising cost
and sales? Why or why not?
2. Compute the correlation coefficient. (Round of to 4 decimal places.)
3.
Interpret the computed correlation coefficient.
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