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:

New Ventures

Refers to newly established businesses or startups that aim to meet a marketplace need by developing a viable business model.

Initial Outlay

The initial capital investment required to start a project or investment, often encompassing costs beyond just the purchase price.

Subjective Benefits

Subjective benefits are intangible advantages or value perceived by individuals or organizations, often not directly measurable in monetary terms, such as brand reputation or employee satisfaction.

Initial Outlay

The upfront expenditure necessary to initiate a project or investment.