Question 2 (1 point)

The author is a member of the board of directors of a nonprofit organization that held a fund-raising auction. He recorded the opening bids suggested by the auctioneer and the final winning bids for several items. The amounts are listed below. Answer question 1 and 2.

Opening bid	1300	500	500	400	300
Winning bid	600	195	120	270	125

2. Based on the significance level of 0.05 and the critical value of r (Table A-6 on page 732), is there sufficient evidence to conclude that there is a linear correlation between the opening bids and the final winning bids?

Question 2 options:

a)	The correlation coefficient is less than the critical value, so there is sufficient evidence to support the claim that there is a linear correlation between the opening bids and the final winning bids

b)	The correlation coefficient is larger than the critical value, so there is sufficient evidence to support the claim that there is a linear correlation between the opening bids and the final winning bids

c)	The correlation coefficient is less than the critical value, so there is insufficient evidence to support the claim that there is a linear correlation between the opening bids and the final winning bids

d)	The correlation coefficient is larger than the critical value, so there is insufficient evidence to support the claim that there is a linear correlation between the opening bids and the final winning bids