Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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
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 0.05 and round all values to 4 decimal places.
Ticket Price | Attendence |
---|---|
6 | 145 |
10 | 149 |
14 | 141 |
18 | 141 |
22 | 135 |
26 | 137 |
Ho: = 0 Ha: 0
Find the Linear Correlation Coefficient r =
Find the p-value p-value =
The p-value is
- Greater than
- Less than (or equal to)
The p-value leads to a decision to. Choose an option.
- 1. Accept Ho
- 2. Reject Ho
- 3. Do Not Reject Ho
The conclusion is. Choose an option.
- 1. There is insufficient evidence to make a conclusion about the linear correlation between ticket price and attendance.
- 2. There is a significant negative linear correlation between ticket price and attendance.
- 3. There is a significant linear correlation between ticket price and attendance.
- 4. There is a significant positive linear correlation between ticket price and attendance.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started