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Consider the relationship between the number of bids an item on eBay receives and the item's selling price. The following is a sample of 5
Consider the relationship between the number of bids an item on eBay receives and the item's selling price. The following is a sample of items sold through auction:
Number of Bids:
Selling Price in Dollars:
Step of : Calculate the correlation coefficient, r Round to four decimal places.Step of : What is the pvalue for the test that there is no significant correlation rho vs there is a significantcorrelation rho not Round to decimal places.Step of : What do you conclude? Is there evidence of a significant correlation between Number of Bids and Selling Price in Dollars using a significance level? Why or why not?A Yes, there is evidence of a significant correltion because the pvalue is GREATER than alpha B No there is not evidence of a significant correlation because the pvalue is GREATER than alpha C Yes, there is evidence of a significant correlation because the pvalue is LESS than alpha D No there is not evidence of a significant correlation because the pvalue is LESS than alpha
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