A study of 98 investment advisors asked them to predict the value of a penny stock a

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A study of 98 investment advisors asked them to predict the value of a “penny” stock a week ahead. The correlation between the values predicted and the actual value was 0.20. Was this evidence that they could predict penny stock performance?

a) State the null and alternative hypotheses about the correlation.

b) Calculate the test statistic.

c) Perform the test at α = 0.05.

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Business Statistics

ISBN: 9780133899122

3rd Canadian Edition

Authors: Norean D. Sharpe, Richard D. De Veaux, Paul F. Velleman, David Wright

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Question Posted: Jul 18, 2019 09:44 AM

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A study of 98 investment advisors asked them to predict the value of a penny stock a

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a The null and alternative hypotheses are b The test statis...View the full answer

Business Statistics

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