What would you conclude using an alpha = .05? a- there is sufficient evidence of
ID: 3366980 • Letter: W
Question
What would you conclude using an alpha = .05?
a- there is sufficient evidence of no relationship between advertising and sales
b- there is sufficient evidence of a negative relationship between advertising and sales
c-there is no relationship between advertising and salesd
d-there is not sufficient evidence of a positive relationship between advertising and sales
e-there is sufficient evidence of a positive relationship between advertising and sales
a- there is sufficient evidence of no relationship between advertising and sales
b- there is sufficient evidence of a negative relationship between advertising and sales
c-there is no relationship between advertising and salesd
d-there is not sufficient evidence of a positive relationship between advertising and sales
e-there is sufficient evidence of a positive relationship between advertising and sales
This following data is for Wray Enterprises. We have tracked the amount of money they spend on advertising and the sales volume for their product. Month Advertisin 1000 1500 1900 1400 2200 2468 1210 1698 2234 Sales 5200 6000 7200 5400 6500 7600 6200 6000 7500 2 4 6 7 8 Suppose you perform the test to determine if there is a relationship between advertising and sales and the value of the test statistic is 4.5949 and find (p-valueExplanation / Answer
Option E is Correct. there is sufficient evidence of a positive relationship between advertising and sales because the Coefficient of advertising is positive (1.5080) and p value of 0.0025 is less than 0.05
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