Question: With reference to Exercise 11.1 on page 418, assume that x and y are random variables with a bivariate normal distribution. 1. Calculate r. 2.
With reference to Exercise 11.1 on page 418, assume that x and y are random variables with a bivariate normal distribution.
1. Calculate r.
2. Test the hypothesis that ρ = 0 against the alternative that ρ ≠ 0 at the 0.05 level of significance.
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