Question: The correlation coefficient r is a sample statistic. What does it tell us about the value of the population correlation coefficient p (Greek letter rho)?
(a) Look at Problem 13 regarding the variables x = age of a Shetland pony and y = weight of that pony. Is the value of | r | large enough to conclude that weight and age of Shetland ponies are correlated? Use α = 0.05.
(b) Look at Problem 15 regarding the variables x = lowest barometric pressure as a cyclone approaches and y = maximum wind speed of the cyclone. Is the value of | r | large enough to conclude that lowest barometric pressure and wind speed of a cyclone are correlated? Use α = 0.01.
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