Find the Value of the Linear Correlation Coefficient R A) $- 0.071$

question 32

Multiple Choice

Find the value of the linear correlation coefficient r. The paired data below consist of the costs of advertising (in thousands of dollars) and the number of products sold (in thousands) : $\begin{array}{l|r|r|r|r|r|r|r|r}\text { Cost } & 9 & 2 & 3 & 4 & 2 & 5 & 9 & 10 \\\hline \text { Number } & 85 & 52 & 55 & 68 & 67 & 86 & 83 & 73\end{array}$

• A) \(- 0.071\)
• B) \(0.708\)
• C) \(0.235\)
• D) \(0.246\)

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Definitions:

Resistance Points

The least favorable terms under which a party is willing to accept a negotiated agreement.

Public Pronouncement

An official statement or announcement made to the general public.

Opening Stance

Refers to the initial position or perspective one adopts before entering into a discussion, negotiation, or debate.

First Price

A type of auction format in which bids are submitted simultaneously, and the highest bidder pays their bid price to receive the item.