A researcher wants to investigate whether there is a relationship between annual company profit ($) and median

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A researcher wants to investigate whether there is a relationship between annual company profit ($) and median annual salary paid by the company ($). The researcher collects data on a random sample of companies and aft er analyzing the data finds the p-value to be 0.56. Which of the following is an appropriate conclusion based on this p value?
A. There is no relationship between annual company profit ($) and median annual salary paid by the company ($).
B. There is a relationship between annual company profit ($) and median annual salary paid by the company ($), and the corresponding value of the correlation coefficient is r = 0.56.

C. There is not convincing evidence of a relationship between annual company profit ($) and median annual salary paid by the company ($).
D. There is a 56% chance that there is no relationship between annual company profit ($) and median annual salary paid by the company ($).

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Introduction To Statistical Investigations

ISBN: 9781118172148

1st Edition

Authors: Beth L.Chance, George W.Cobb, Allan J.Rossman Nathan Tintle, Todd Swanson Soma Roy

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