Question: Explain what is meant by a correlation coefficient. Test whether a correlation coefficient between income and job tenure of 0.53 based on 15 observations has

Explain what is meant by a correlation coefficient. Test whether a correlation coefficient between income and job tenure of 0.53 based on 15 observations has any statistically significant meaning at both the 1% and 5% level of significance.

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Test whether a correlation coefficient between income and job tenure of 0.53 based on 15 observations has any statistically significant meaning at both the 1% and 5% level of significance. (

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