Question: 34. Refer to Problem 3, Section 15.2. Test the hypothesis H0 : = 0 versus H1 : < 0. Use = 0.01.

34. Refer to Problem 3, Section 15.2. Test the hypothesis H0 : ρ = 0 versus H1 : ρ < 0.

Use α = 0.01. Find the observed level of significance (p-value). Give the practical interpretation of the p-value.

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