You are given data on number of radio ads and sales for a local department store. You had observations for 20 months. The correlation between ads and sales is 0.40. Does this indicate a positive and significant relationship between ads and sales at the 5% level of significance?
a. There is not enough information to determine significance
b. No, because p value is 0.97.
c. Yes, because p value is 0.03.
d. No, because p value is 0.06.
Get Answers For Free
Most questions answered within 1 hours.