QUESTION 1 3 points Save Answer The local events manager needs to assess whether investing more money into advertising t

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Question 1 3 Points Save Answer The Local Events Manager Needs To Assess Whether Investing More Money Into Advertising T 1 (42.03 KiB) Viewed 80 times

QUESTION 1 3 points Save Answer The local events manager needs to assess whether investing more money into advertising the event is worthwhile, i.e. does increased advertising increase ticket sales. He injects different amounts of cash into advertising the event in 5 different locations and records the number of tickets sold at each area. location 1 location 2 location 3 location 4 locations Advertising (euro) 5 10 20 30 40 Ticket sales 16 52 84 56 97 Calculate the correlation coefficient, r, between the amount of adverstising and the the number of tickets sold. (Correct to two decimal places).