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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 21 29 15 25 21 33 20 10 Ho: p = 0 Ha: p = 0 Find the Linear Correlation Coefficient Find the p-value p-value = The p-value is r than a O Less than (or equal to) or The p-value leads to a decision to Reject Ho Do Not Reject HoFind the p-value p-value - The p-value is O Greater than or O Less than (or equal to) a The p-value leads to a decision to O Reject Ho O Do Not Reject Ho O Accept Ho The conclusion is There is a significant linear correlation between advertising expense and profit. There is a significant negative linear correlation between advertising expense and profit. There is insufficient evidence to make a conclusion about the linear correlation between advertising expense and profit. There is a significant positive linear correlation between advertising expense and profit. Submit
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