Consider the following competing hypotheses: H0: xy = 0 HA: xy 0 The sample consists of

Question:

Consider the following competing hypotheses:

H0: ρxy = 0

HA: ρxy ≠ 0

The sample consists of 25 observations and the sample correlation coefficient is 0.15.

a. At the 5% significance level, specify the critical value(s) and the decision rule.

b. Calculate the value of the test statistic.

c. What is the conclusion to the test? Explain.

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Business Statistics Communicating With Numbers

ISBN: 9780078020551

2nd Edition

Authors: Sanjiv Jaggia, Alison Kelly

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Question Posted: Dec 20, 2016 09:31 AM

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Consider the following competing hypotheses: H0: xy = 0 HA: xy 0 The sample consists of

Question:

Step by Step Answer:

a n 25 r xy 015df n2 23 With 005 t 2df t 002523 2069 Thus we reject H0 if t 23 2069 or t 23 2069 b ...View the full answer

Business Statistics Communicating With Numbers

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