Question
Below are percentages for annual sales growth and net sales attributed to loyalty card usage at 74 Noodles & Company restaurants. Annual Sales Growth (%)
Below are percentages forannual sales growthandnet sales attributed to loyalty card usageat 74 Noodles & Company restaurants.
Annual Sales Growth (%) and Loyalty Card Usage (% of Net Sales)
(n= 74 restaurants)
Store Growth% Loyalty% Store Growth% Loyalty%
1 -8.3 2.1 38 7.1 1.6
2 -4.0 2.5 39 7.4 1.8
3 -3.9 1.7 40 7.7 2.2
4 -3.4 2.1 41 7.9 2.2
5 -3.3 2.5 42 8.1 2.8
6 -1.9 3.0 43 8.3 2.4
7 -0.8 2.3 44 8.5 3.1
8 -0.4 2.3 45 8.6 2.2
9 -0.2 2.2 46 8.7 1.3
10 -0.2 2.3 47 8.8 1.8
11 0.5 2.1 48 8.8 2.5
12 0.6 2.5 49 8.9 1.9
13 0.8 2.0 50 9.1 2.0
14 1.9 2.0 51 9.5 2.4
15 2.0 2.0 52 10.2 2.2
16 2.1 2.6 53 10.7 2.2
17 2.8 2.2 54 11.0 0.3
18 2.9 2.1 55 11.3 1.9
19 4.0 1.9 56 11.4 1.9
20 4.0 2.2 57 11.5 2.2
21 4.0 0.7 58 11.7 2.6
22 4.0 2.0 59 11.8 2.2
23 4.2 1.8 60 11.9 2.1
24 4.6 2.1 61 12.5 2.0
25 5.1 2.5 62 12.8 0.9
26 5.1 2.6 63 13.8 1.1
27 5.5 2.0 64 14.1 3.4
28 5.9 2.0 65 14.2 1.2
29 5.9 1.4 66 14.6 2.1
30 6.0 2.0 67 14.9 0.9
31 6.1 2.1 68 15.4 2.2
32 6.1 2.1 69 16.2 1.7
33 6.1 2.7 70 17.2 2.4
34 6.3 2.0 71 18.4 2.8
35 6.6 2.0 72 20.8 1.1
36 6.9 1.6 73 25.5 0.6
37 6.9 1.9 74 28.8 1.8
(b)Find the correlation coefficient.(Round your answer to 3 decimal places. A negative value should be indicated by a minus sign.)
r___________
(c-1)To test the correlation coefficient for significance at = 0.05, fill in the following.(Use the rounded value of the correlation coefficient from part b in all calculations. For final answers, roundtcalcto 3 decimal places and thep-value to 4 decimal places. Negative values should be indicated by a minus sign.)
tcalc ____________
p-value ____________
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started