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 gathered are shown below. What is the value of the correlation coefficient?

$\begin{array}{ll}
\text { Non-member } & \text { Member } \
\text { Price, } x & \text { Price, } \
58 & 32 \
42 & 22 \
46 & 20 \
32 & 16 \
25 & 19 \
75 & 58 \
35 & 34 \
63 & 48
\end{array}$
A) 0.762
B) 0.857
C) 0.679
D) 0.932

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  gathered are shown below. What is the value of the correlation coefficient?

$\begin{array}{ll}
\text { Non-member } & \text { Member } \
\text { Price, } x & \text { Price, } \
58 & 32 \
42 & 22 \
46 & 20 \
32 & 16 \
25 & 19 \
75 & 58 \
35 & 34 \
63 & 48
\end{array}$
A) 0.762
B) 0.857
C) 0.679
D) 0.932

Quizplus · Accepted Answer

Using a calculator or statistical software, we can find that the correlation coefficient is 0.857. This indicates a strong positive correlation between the prices paid by non-members and members, suggesting that club membership may offer significant discounts on publications.

A Study Was Conducted to Determine If There Was a Relationship