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Find the Value of the Linear Correlation Coefficient R A) 0.7080.708

question 16

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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) .  Cost 923425910 Number 8552556867868373\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}

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Definitions:

Credits

Entries made on the right-hand side of an account, representing gains or increases in liabilities, income, or equity.

Debit

An accounting entry that results in either an increase in assets or a decrease in liabilities on a company's balance sheet.

Credit

An accounting entry that increases a liability or equity account, or decreases an asset or expense account.

Accounts Payable

Accounts payable are amounts owed by a company to its creditors for goods or services that have been delivered or used but not yet paid for.

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