Find the Value of the Linear Correlation Coefficient R A) $0.708$

question 3

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) . $\begin{array}{l|rrrrrrrr}\text { Cost } & 9 & 2 & 3 & 4 & 2 & 5 & 9 & 10 \\\hline \text { Number } & 85 & 52 & 55 & 68 & 67 & 86 & 83 & 73\end{array}$

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

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Definitions:

Public Sector

The portion of the economy composed of government services and enterprises, including federal, state, and local government bodies.

Profit and Loss

A financial statement that summarizes the revenues, costs, and expenses incurred during a specific period of time, usually a fiscal quarter or year, to show the net profit or loss of a business.

Regulatory Capture

A situation where regulatory agencies are dominated by the industries they are charged with regulating, often leading to regulations that serve the interests of those industries.

Deregulation

The process of removing or reducing government restrictions and regulations with the aim to improve business efficiency or facilitate free-market operations.