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 negative linear...

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 negative 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	28
4	15
5	21
6	21
7	29
8	30
9	28
10	29

1. Find the p-value

p-value = (4 decimal places)

2. The p-value is (pick one)

a. Less than (or equal to) αα

b. Greater than αα

3. The p-value leads to a decision to

Reject Ho

Accept Ho

Do Not Reject Ho

4. the conclusion is

There is a significant linear correlation between advertising expense and profit.

There is a significant positive linear correlation between advertising expense and profit.

There is a significant negative linear correlation between advertising expense and profit.

There is insufficient evidence to make a conclusion about the linear correlation between advertising expense and profit.

Jun 07, 2022

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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 negative linear...

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