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
To find the correlation coefficient, , for the given data, we can use the formula:
where:
- is the number of data points,
- and are the given values,
- is the sum of values,
- is the sum of values,
- is the sum of the products of and for each data point,
- is the sum of the squares of ,
- is the sum of the squares of .
Let's calculate each component step by step.
Step 1: Calculate the Sums
Using the data provided:
5 | 1 | 5 | 25 | 1 |
8 | 6 | 48 | 64 | 36 |
9 | 19 | 171 | 81 | 361 |
14 | 14 | 196 | 196 | 196 |
18 | 2 | 36 | 324 | 4 |
Now, summing each column:
Step 2: Substitute Values into the Formula
We have:
- ,
- ,
- ,
- ,
- ,
- .
Now, substituting these into the correlation coefficient formula:
Step 3: Perform the Calculations
-
Calculate the numerator:
-
Calculate the denominator:
- For part:
- For part:
So, the denominator is:
-
Calculate :
Final Answer
The correlation coefficient is approximately:
This indicates a very weak positive correlation between the number of ads and weekly sales, suggesting little to no linear relationship.
Would you like more details or have any questions?
Here are some additional related questions:
- What does a low correlation coefficient imply about the data?
- How could we interpret a negative correlation coefficient if it were the case?
- How can the data be visualized to better understand the correlation?
- Are there other methods for assessing relationships besides correlation?
- What would a perfect correlation look like in this context?
Tip: For a better understanding of data relationships, try visualizing the data with a scatter plot before calculating correlation.
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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
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