Rock Concert Revenues

Essay

Rock Concert Revenues
A financier whose specialty is investing in rock concerts has observed that,in general,concerts with "big-name" stars seem to generate more revenue than those concerts whose stars are less well known.To examine his belief he records the gross revenue and the payment (in $ millions)given to the two highest-paid performers in the concert for ten concert tours. ​ ​
-{Rock Concert Revenues Narrative} Conduct a test of the population coefficient of correlation to determine at the 5% significance level whether a positive linear relationship exists between payment to the two highest-paid performers and gross revenue.