Using the data in Problem 4-10, test to see if there is a statistically significant relationship between
Question:
Using the data in Problem 4-10, test to see if there is a statistically significant relationship between sales and YouTube views at the 0.05 level of significance. Use the formulas in this chapter and Appendix D.
In Problem 4-10, The operations manager of a musical instrument distributor feels that demand for a particular type of guitar may be related to the number of YouTube views for a music video by the popular rock group Marble Pumpkins during the preceding month. The manager has collected the data shown in the following table:
YouTube Guitar
Views (1,000s) Sales
30 .......... 8
40 ..........11
70 ..........12
60 ..........10
80 ..........15
50 ..........13
Step by Step Answer:
Quantitative Analysis for Management
ISBN: 978-0133507331
12th edition
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna, Trevor S. Ha