Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

LuCJLIuII I I The data shown below consists of the price (in dollars) of 7 events at a local venue and the number of

image text in transcribedimage text in transcribed
" \\LuCJLIuII I I The data shown below consists of the price (in dollars) of 7 events at a local venue and the number of people who attended. Determine if there is significant linear correlation between ticket price and number of attendees. Use a significance level of 0.01 and round all values to 4 decimal places. Ticket Price Attendence 6 128 10 115 14 176 18 173 22 93 26 100 Ho: p = 0 Ha: p z 0 Find the Linear Correlation Coefficient Find the p-value p-value = The p-value is 0 Less than (or equal to) a 0 Greater than a The p-value leads to a decision to 0 Do Not Reject Ho 0 Accept Ho 0 Reject Ho 1.1pr u I \\yut-Lal The conclusion is 0 There is insufficient evidence to make a conclusion about the linear correlation between ticket price and attendance. 0 There is a significant positive linear correlation between ticket price and attendance. 0 There is a significant linear correlation between ticket price and attendance. 0 There is a significant negative linear correlation between ticket price and attendance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Spherical Radial Basis Functions, Theory And Applications

Authors: Simon Hubbert, Quoc Thong Le Gia, Tanya M Morton

1st Edition

331917939X, 9783319179391

More Books

Students also viewed these Mathematics questions