Question
1. The data shown below consists of the price (in dollars) of 7 events at a local venue and the number of people who attended.
1. 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 linear correlation between ticket price and number of attendees. Use a significance level of 0.05 and round all values to 4 decimal places.
Ticket Price | Attendence |
---|---|
6 | 126 |
10 | 134 |
14 | 194 |
18 | 108 |
22 | 175 |
26 | 111 |
30 | 118 |
34 | 168 |
Ho: = 0 Ha: 0
Find the Linear Correlation Coefficient r = ____
Find the p-value p-value = ______
The p-value is
- ___Greater than
- ____Less than (or equal to)
The p-value leads to a decision to
- Reject Ho
- Accept Ho
- Do Not Reject Ho
The conclusion is
- There is a significant positive linear correlation between ticket price and attendance.
- There is a significant negative linear correlation between ticket price and attendance.
- There is a significant linear correlation between ticket price and attendance.
- There is insufficient evidence to make a conclusion about the linear correlation between ticket price and attendance.
2. The table below shows the number of state-registered automatic weapons and the murder rate for several Northwestern states.
xx | 11.6 | 8.4 | 7 | 3.5 | 2.6 | 2.6 | 2.6 | 0.4 |
---|---|---|---|---|---|---|---|---|
yy | 14.2 | 11.5 | 10.2 | 7.1 | 6.2 | 6 | 6.3 | 4.5 |
xx = thousands of automatic weapons yy = murders per 100,000 residents This data can be modeled by the equation y=0.89x+3.97.y=0.89x+3.97. Use this equation to answer the following; Special Note: I suggest you verify this equation by performing linear regression on your calculator. A) How many murders per 100,000 residents can be expected in a state with 3.9 thousand automatic weapons? Answer = _____Round to 3 decimal places. B) How many murders per 100,000 residents can be expected in a state with 9 thousand automatic weapons? Answer = _______ Round to 3 decimal places.
3. The following table shows retail sales in drug stores in billions of dollars in the U.S. for years since 1995.
Year | Retail Sales |
---|---|
0 | 85.851 |
3 | 108.426 |
6 | 141.781 |
9 | 169.256 |
12 | 202.297 |
15 | 222.266 |
Let S(t)S(t) be the retails sales in billions of dollars in t years since 1995. A linear model for the data is F(t)=9.44t+84.182F(t)=9.44t+84.182. 36912158090100110120130140150160170180190200210220 Use the above scatter plot to decide whether the linear model fits the data well.
- The function is a good model for the data.
- The function is not a good model for the data
Estimate the retails sales in the U. S. in 2011. ______billions of dollars. Use the model to predict the year that corresponds to retails sales of $245 billion. _______
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