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Listed below are paired data consisting of amount: spent on advertising (in millions of dollars) and the profits (in millions of dollars). Determine if there
Listed below are paired data consisting of amount: spent on advertising (in millions of dollars) and the profits (in millions of dollars). Determine if there is a significant positive linear correlation between advertising cost and profit . Use a significance level of 0.05 and round all values to 4 decimal places. Advertising Cost Prot 3 1 3 20 30 16 2 2 21 29 2 T 3 3 cos-4001A Ad do Ho:p:0 Ha:p>0 Find the Linear Correlation Coefficient Find the prvalue p-value = The p-value is 0 Less than (or equal to] at 0 Greater than a The p-value leads to a decision to O Reject Ho 0 Do Not Reject Ho 0 Accept Ho The conclusion is 0 There is a significant linear correlation between advertising expense and profit. 0 There is insufficient evidence to make a conclusion about the linear correlation between advertising expense and profit. 0 There is a significant negative linear correlation between advertising expense and profit. 0 There is a significant positive linear correlation between advertising expense and profit
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