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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 negativelinear 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 | 132 |
10 | 169 |
14 | 134 |
18 | 97 |
22 | 187 |
26 | 156 |
30 | 106 |
34 | 105 |
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
- Reject Ho
- Accept Ho
- Do Not Reject Ho
The conclusion is
- There is a significant negative linear correlation between ticket price and attendance.
- 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 insufficient evidence to make a conclusion about the linear correlation between ticket price and attendance.
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