Question 15 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...

Question 15

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.

Ho: ρ = 0
Ha: ρ <>

Find the Linear Correlation Coefficient
    r =

Find the p-value
   p-value =

Question 16

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.

Ho: ρ = 0
Ha: ρ <>

Find the Linear Correlation Coefficient
    r =

Find the p-value
   p-value =