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Question
Annie Mikhail, market analyst for a national company specializing in historic city tours, is analyzing the relationship between the sales revenue from historic city tours and the size of the city. She gathers data from six cities in which the tours are offered. Annie's dependent variable is annual sales revenues and her independent variable is the city population. Regression analysis of the data yielded the following tables.| Coefficients | Standard Error | t Statistic | p-value | |
| Intercept | -0.14156 | 0.292143 | -0.48455 | 0.653331 |
| x | 0.105195 | 0.013231 | 7.950352 | 0.001356 |
| Source | df | SS | MS | F | Se = 0.237 | |
| Regression | 1 | 3.550325 | 3.550325 | 63.20809 | r2 = 0.940483 | |
| Residual | 4 | 0.224675 | 0.056169 | |||
| Total | 5 | 3.775 |
The numerical value of the correlation coefficient between the historic city tour sales and the size of city population is __________.
a) 0.969785
b) 0.940483
c) 0.224675
d) -0.14156
e) 1.000000
Answer
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Annie Mikhail, market analyst for a national company specializing in historic city tours, is analyzing the relationship between the sales revenue from historic city tours and the size of the city. She gathers data from six cities in which the tours are offered. Annie's dependent variable is annual sales revenues and her independent variable is the city population. Regression analysis of the data yielded the following tables. Coefficients
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Annie Mikhail, market analyst for a national company specializing in historic city tours, is analyzing the relationship between the sales revenue from historic city tours and the size of the city. She gathers data from six cities in which the tours are offered. Annie's dependent variable is annual sales revenues and her independent variable is the city population. Regression analysis of the data yielded the following tables. Coefficients
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