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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 0.01 and round all values to 4 decimal places.
Ticket Price | Attendence |
---|---|
6 | 133 |
10 | 98 |
14 | 139 |
18 | 151 |
22 | 156 |
26 | 117 |
30 | 169 |
Ho: = 0 Ha: 0
Find the Linear Correlation Coefficient r =
Find the p-value p-value =
The p-value is
- Less than (or equal to)
- Greater than
The p-value leads to a decision to
- Do Not Reject Ho
- Reject Ho
- Accept Ho
The conclusion is
- There is a significant positive linear correlation between ticket price and attendance.
- There is a significant linear correlation between ticket price and attendance.
- There is a significant negative linear correlation between ticket price and attendance.
- There is insufficient evidence to make a conclusion about the linear correlation between ticket price and attendance.
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