Listed below are sizes (in thousands of square feet) and revenue (in millions of dollars) from casinos
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Listed below are sizes (in thousands of square feet) and revenue (in millions of dollars) from casinos in Atlantic City (based on data from the New York Times). Is there sufficient evidence to conclude that there is a linear correlation between size and revenue of casinos?
Construct a scatterplot, find the value of the linear correlation coefficient r, and find the critical values of r from Table A-6 using ? = 0.05. Determine whether there is sufficient evidence to support a claim of a linear correlation between the two variables.?
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Size Revenue 160 189 227 157 140 140 144 127 161 123 147 106 141 101 TABLE A-6 Critical Values of the Pearson Correlation Coefficient r n TELEFONNING 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 25 30 35 40 45 50 60 70 80 90 100 α = .05 .950 .878 811 .754 .707 .666 .632 .602 576 .553 .532 .514 .497 482 468 .456 444 .396 .361 .335 312 294 279 254 236 220 207 .196 a = .01 .990 .959 .917 .875 .834 .798 .765 .735 .708 .684 .661 .641 .623 .606 .590 .575 .561 .505 .463 .430 .402 .378 .361 .330 .305 286 .269 .256
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