Math Problem Statement

Find the correlation coefficient, r, of the data described below. An automobile dealership ran a radio ad campaign to help sell its least popular model. The dealership always used the same ad but broadcast it a different number of times each week. The sales manager tallied the number of ads broadcast each week, x, and the weekly sales of the model, y. Ads Sales 5 1 8 6 9 19 14 14 18 2 Round your answer to the nearest thousandth.

Solution

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Math Problem Analysis

Mathematical Concepts

Statistics
Correlation

Formulas

r = (nΣ(xy) - ΣxΣy) / sqrt((nΣx^2 - (Σx)^2)(nΣy^2 - (Σy)^2))

Theorems

Correlation Coefficient

Suitable Grade Level

Grades 10-12