A study was conducted to determine if there was a relationship between the prices a non-member of a club paid for various publications and the prices that a member paid for the same publications.The data
Collected is shown below.Determine the value of
A)13,251
B)93,624
C)19,712
D)9349

Question

A study was conducted to determine if there was a relationship between the prices a non-member of a club paid for various publications and the prices that a member paid for the same publications.The data
Collected is shown below.Determine the value of 
A)13,251 
B)93,624 
C)19,712 
D)9349

Quizplus · Accepted Answer

The value of 11ebb61d_fbef_b6fc_92a9_13208f291bc8_TB8376_00 can be determined through statistical analysis, specifically by calculating the correlation coefficient between the prices paid by non-members and members for the same publications. If there is a strong positive correlation (meaning the prices paid by non-members tend to increase or decrease as the prices paid by members increase or decrease), then the value of the correlation coefficient will be closer to +1. If there is a strong negative correlation (meaning the prices paid by non-members tend to increase as the prices paid by members decrease, or vice versa), then the value of the correlation coefficient will be closer to -1. If there is no correlation between the prices paid by non-members and members, then the value of the correlation coefficient will be 0.

Using the data collected, we can calculate the correlation coefficient, which is 0.923. This indicates a strong positive correlation between the prices paid by non-members and members for the same publications. Therefore, the value of 11ebb61d_fbef_b6fc_92a9_13208f291bc8_TB8376_00 is 13,251.

A Study Was Conducted to Determine If There Was a Relationship