A medical researcher wishes to see if there is a relationship between prescription drug prices for identical
drugs and identical dosages that are prescribed for humans and for animals. The prices are shown. Is there
a relationship between the prices?
Prices for humans (x) 0.67 0.64 1.20 0.51 0.87 0.74 0.50 1.22
Prices for animals (y) 0.13 0.18 0.42 0.25 0.57 0.57 0.49 1.28

Question

A medical researcher wishes to see if there is a relationship between prescription drug prices for identical
drugs and identical dosages that are prescribed for humans and for animals. The prices are shown. Is there
a relationship between the prices?
Prices for humans (x) 0.67 0.64 1.20 0.51 0.87 0.74 0.50 1.22
Prices for animals (y) 0.13 0.18 0.42 0.25 0.57 0.57 0.49 1.28

anonymous · Answer

r= 0.659 and critical value=0.707
Ho: p=0 H1: p≠0

Should I reject the null hypothesis?

anonymous · Answer

What would be the explanation of the type of relationship?