Listed below are paired data consisting of amounts spent on advertising (in millions of dollars) and the profits (in millions of dollars). Determine if there is a significant linear correlation...


Listed below are paired data consisting of amounts spent on advertising (in millions of dollars) and the<br>profits (in millions of dollars). Determine if there is a significant linear correlation between advertising<br>cost and profit . Use a significance level of 0.01 and round all values to 4 decimal places.<br>Advertising Cost<br>Profit<br>3<br>27<br>4<br>17<br>22<br>20<br>7<br>25<br>8<br>32<br>9.<br>29<br>10<br>32<br>11<br>21<br>12<br>22<br>Но: р %3D 0<br>На: р 0<br>Find the Linear Correlation Coefficient<br>r =<br>Find the p-value<br>p-value =<br>The p-value is<br>O Greater than a<br>O Less than (or equal to) a<br>The p-value leads to a decision to<br>O Reject Ho<br>O Accept Ho<br>O Do Not Reject Ho<br>The conclusion is<br>O There is a significant negative linear correlation between advertising expense and profit.<br>O There is a significant linear correlation between advertising expense and profit.<br>O There is a significant positive linear correlation between advertising expense and profit.<br>O There is insufficient evidence to make a conclusion about the linear correlation between advertising<br>expense and profit.<br>

Extracted text: Listed below are paired data consisting of amounts spent on advertising (in millions of dollars) and the profits (in millions of dollars). Determine if there is a significant linear correlation between advertising cost and profit . Use a significance level of 0.01 and round all values to 4 decimal places. Advertising Cost Profit 3 27 4 17 22 20 7 25 8 32 9. 29 10 32 11 21 12 22 Но: р %3D 0 На: р 0 Find the Linear Correlation Coefficient r = Find the p-value p-value = The p-value is O Greater than a O Less than (or equal to) a The p-value leads to a decision to O Reject Ho O Accept Ho O Do Not Reject Ho The conclusion is O There is a significant negative linear correlation between advertising expense and profit. O There is a significant linear correlation between advertising expense and profit. O There is a significant positive linear correlation between advertising expense and profit. O There is insufficient evidence to make a conclusion about the linear correlation between advertising expense and profit.

Jun 03, 2022
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