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...

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 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 27 4 29 16 31 31 27 26 Ho: p = 0 Ha: p < 0="" find="" the="" linear="" correlation="" coefficient="" r="Find" the="" p-value="" p-value="The" p-value="" is="" o="" less="" than="" (or="" equal="" to)="" a="" o="" greater="" than="" a="" the="" p-value="" leads="" to="" a="" decision="" to="" do="" not="" reject="" ho="" accept="" ho="" reject="" ho="" the="" conclusion="" is="" 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.="">