Find the Value of the Linear Correlation Coefficient $r$ the Paired Data Below Consist of the Costs of the Paired

question 47

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:

Lease

A contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset for a specified period of time.

Financial Lease

A lease agreement where the lessee assumes some of the risks and benefits of ownership.

Sale and Leaseback

A financial transaction where an entity sells an asset and then leases it back from the buyer, typically to free up capital while retaining asset use.

Lessor

The owner of an asset that leases it to another party, known as the lessee, in exchange for periodic rental payments.