What is the test statistic and p-value? Because the​ P-value is ▼ greater less than the significance level 0.05​, there ▼ is not is sufficient evidence to support the claim that there is a linear...

What is the test statistic and p-value?

Because the​ P-value is

than the significance level

there

sufficient evidence to support the claim that there is a linear correlation between selling price​ (in hundred​ thousands) and the list price​ (in hundred​ thousands) of homes sold for a significance level of

Extracted text: The data below shows the selling price (in hundred thousands) and the list price (in hundred thousands) of homes sold. Construct a scatterplot, find the value of the linear correlation coefficient r, and find the P-value using a = 0.05. Is there sufficient evidence to conclude that there is a linear correlation between the two variables? Selling Price (x) List Price (y) 401 415 302 319 375 385 435 437 460 486 475 476 318 324 352 366 419 435 332 340 What are the null and alternative hypotheses? O A. Ho: p#0 О В. Но р30 H1: p= 0 H1:p<0 o="" c.="" ho:="" p="0" h1:="" p#0="" o="" d.="" ho:="" p="0" h1:="" p="">0 Construct a scatterplot. Choose the correct graph below. O A OB. OC. OD. Ay Ay 500- AV 5004 500- Ay 500- of H of 400- 400- 400- 400- elo to ol to lo to 300+ 300 300+ 300 300+ 300 300- 300 400 500 400 500 400 500 400 500 The linear correlation coefficient r is 0.992. (Round to three decimal places as needed.) The test statistic t is (Round to three decimal places as needed.) The P-value is (Round to three decimal places as needed.) Because the P-value is than the significance level 0.05, there sufficient evidence to support the claim that there is a linear correlation between selling price (in hundred thousands) and the list price (in hundred thousands) of homes sold for a significance level of a = 0.05.