Value of the correlation coefficient

Reference no: EM1397043

A manager wishes to find out whether there is a relationship between the number of radio ads aired per week and the amount of sales (in thousands of dollars) of a product. The data for the sample are shown below.

a) Draw the scatter plot for the variables

b) Compute the value of the correlation coefficient.

c) State the hypotheses.

d) Test the significance of the correlation coefficient

e) Give a brief explanation of the type of relationship

Reference no: EM1397043

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