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A manager wishes to determine whether there is a relationship between the number of radio ads aired per week and the amount in sales (in
A manager wishes to determine whether there is a relationship between the number of radio ads aired per week and the amount in sales (in thousands of dollars) of a product. The data for the sample are provided in the Excel Workbook. Construct a scatter plot and determine the correlation coefficient and its significance at = 0.05. Perform the calculation for r without the built-in function CORREL. Clearly show and document all steps
DATA
No. of ads (x) | 2 | 5 | 8 | 8 | 10 | 12 |
Sales (y) | 2 | 4 | 7 | 6 | 9 | 10 |
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