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| Teaching Since: | May 2017 |
| Last Sign in: | 408 Weeks Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
14-1. An industry study was recently conducted in which the sample correlation between units sold and market- ing expenses was 0.57. The sample size for the study included 15 companies. Based on the sample results, test to determine whether there is a significant posi- tive correlation between these two variables. Use an
a = 0.05.
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14-2. The following data for the dependent variable, y, and the independent variable, x, have been collected using simple random sampling:
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a.    Construct a scatter plot for these data. Based on the scatter plot, how would you describe the relationship between the two variables?
b.   Compute the correlation coefficient.
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