Consider the following competing hypotheses and accompanying sample data. H0: S = 0 HA: S 0

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Consider the following competing hypotheses and accompanying sample data.

H0: ρS = 0

HA: ρS ≠ 0

rS = 0.92 and n = 8

a. Specify the decision rule at the 1% significance level.

b. What is the value of the test statistic?

c. What is the conclusion?

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