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Question 7 (1 point) Question 7 (1 point) v saved A company want to find out if there is a linear relationship between indirect labor
Question 7 (1 point)
Question 7 (1 point) v saved A company want to find out if there is a linear relationship between indirect labor expense (ILE), in dollars, and direct labor hours (DLH). Data for direct labor hours and indirect labor expense for 25 months are given. Based on the data in the table below, is there a significant linear relationship between Direct Labor Hours and the Indirect Labor Expense? Please see attached Excel for data. ILE DLH data No, the sample correlation coefficient is equal to 0.878, which provides evidence O of a significant linear relationship. C) Yes. the sample correlation coefficient is equal to 0.878, which provides evidence of a significant linear relationship. C) Yes, because the p-value = 0.00023 C) No, because the p-value = 0.00023
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