Question
Listed below are paired data consisting of amounts spent on advertising (in millions of dollars) and the profits (in millions of dollars). Determine if there
Listed below are paired data consisting of amounts spent on advertising (in millions of dollars) and the profits (in millions of dollars). Determine if there is a significant linear correlation between advertising cost and profit . Use a significance level of 0.05 and round all values to 4 decimal places.
| Advertising Cost | Profit |
|---|---|
| 3 | 13 |
| 4 | 17 |
| 5 | 21 |
| 6 | 29 |
| 7 | 24 |
| 8 | 32 |
| 9 | 29 |
Ho: = 0 Ha: 0
Find the Linear Correlation Coefficient r =
Find the p-value p-value =
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
IFRS edition volume 2
978-0470613474, 470613475, 978-0470616314
