Question: Suppose that a random sample of 10,000 (X, Y) pairs yielded a sample correlation coefficient of r = 0.02. (a) What is the conclusion that

Suppose that a random sample of 10,000 (X, Y) pairs yielded a sample correlation coefficient of r = 0.02.
(a) What is the conclusion that you would reach if you tested H0:p = 0 using a 0.05? What is the P-value for this test?
(b) Comment on the practical significance versus the statistical significance of your answer.

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