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 positivelinear correlation between advertising cost and profit . Use a significance level of 0.01 and round all values to 4 decimal places.

Advertising Cost	Profit
3	14
4	22
5	16
6	30
7	22
8	27

Ho: = 0 Ha: > 0

1. Find the Linear Correlation Coefficient r = 0.6871 Correct

2.Find the p-value p-value = ...........

3. The p-value is a. Less than (or equal to)

b. Greater than

4. The p-value leads to a decision to

• Do Not Reject Ho
• Reject Ho
• Accept Ho

5. The conclusion is

• a. There is a significant linear correlation between advertising expense and profit.
• b. There is insufficient evidence to make a conclusion about the linear correlation between advertising expense and profit.
• c. There is a significant negative linear correlation between advertising expense and profit.
• d. There is a significant positive linear correlation between advertising expense and profit