Question

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 positive 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 23 4 18 5 18 6 28 7 28 8 23 Ho: p=0 Ha: p > 0 Find the Linear Correlation Coefficient Find the p-value p-value- The p-value is Less than (or equal to) a Greater than a The p-value leads to a decision to OAccept Но ODo Not Reject Ho Reject Ho The conclusion is There is a significant negative linear correlation between advertising expense and profit. There is a significant positive linear correlation between advertising expense and profit. There is insufficient evidence to make a conclusion about the linear correlation between advertising expense and profit. There is a significant linear correlation between advertising expense and profit.

Answer 1