Find the Value of the Linear Correlation Coefficient R A) 0708
B) -0

question 151

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

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

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Definitions:

Plant And Equipment

Refers to the tangible assets that are used in the operation of a business or industry including machinery, buildings, and vehicles.

Society Control

Mechanisms, processes, and institutions through which societies regulate behavior and maintain order, stability, and cohesion.

Centrally Planned Economy

An economic system where the government makes all decisions on the production and distribution of goods and services.

Government Sets Prices

A practice where the government actively intervenes to control and set the prices of certain goods and services, often to stabilize the economy or protect consumers.