Question: Using the data from Problem 14.5 and = 0.02, test if the population correlation coefficient between a persons age and credit score is different

Using the data from Problem 14.5 and α = 0.02, test if the population correlation coefficient between a person’s age and credit score is different than zero. What conclusions can you draw?

In Problem

Age Credit Score 47 35 59 40 42 Age Credit Score 36 24 675 655 760 615 660 790 720 760 685 610 28 31

Step by Step Solution

★★★★★

3.39 Rating (171 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

H 0 0 H 1 0 r0716n10df8002t 2 2896 ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

483-M-S-L-R (3165).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!

Using the data from Problem 11.16, determine which means are different from one another using Î± = 0.05. In Problem Block Sample 1 Sample 2 Sample 3 13

Using the data from Problem 11.19, determine which means are different using = 0.05. In Problem Block Sample 1 Sample 2 Sample 3 Sample4 10

Using the data from Problem 11.2, determine which means are different using = 0.05. In Problem Sample apl mple 3 20 17 14 21 10 14 15 17

Using the data from Problem 14.5 and a = 0.02, test if the population correlation coefficient between a persons age and credit score is different than zero. What conclusions can you draw? AppendixLO1

Use the Excel formula "CORREL" to solve problems 14.5 (circleed one) in the chapter. leave the formula in excel 14.2 Section Cheese Wine Cheese Wine Basic Skills 38.5 2.94 35.3 2.72 14.1 Consider the...

A company would like to examine the linear relationship between the age and credit score of an individual. The following table shows the credit scores and ages of 5 randomly selected people. These...

BA 1605: Midterm Recap (Due: Feb. 27, 2015) Name _____________________________ 50 Student ID _____________________________ Section 01B 10:00~11:20 am Section 02B 01:00~02:20 pm [Questions 4 ~ 7] The...

Correlation Anolysis D Correlation Is a measure of the relationship between two [2] variables. D It Is a measure of how things are related. D The study of how variables are correlated ls called...

i just need the final answers Homework: Section 14.EOC Homework Question 6, 14.EOC.61-E HW Score: 3.76%, 0.49 of 13 points Part 1 of 6 Score: 0.13 of 1 Save A medicine board would like to investigate...

IVC/Spring 2016/Econ 10/MGT 10/ Pehlivan/ Exam 3 Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1)...

Who were the Somozas? What was their relationship to the United States?

Desig a logic circuit with 4 inputs A, B, C & D that will produce output 1 only whenever two adjacent input variables are 1s. A & D are also to be treated as adjacent, implement it using a universal...

Identify intangible assets that are eligible for amortization and calculate the amount of the deduction.

Exercise 11 (LO 6) Determination of reportable segments, reconciliation to consolidated totals. A large diversified company divides its operations into several operating segments. Determine which of...

The Food Marketing Institute shows that 17% of households spend more than $100 per week on groceries. Assume the population proportion is p = .17 and a sample of 800 households will be selected from...

The latest available data showed health expenditures were $8,086 per person in the United States or 17.6% of gross domestic product (Centers for Medicare & Medicaid Services website, April 1, 2012)....

Foot Locker uses sales per square foot as a measure of store productivity. Sales are currently running at an annual rate of $406 per square foot (The Wall Street Journal, March 7, 2012). You have...

Determine the equation of the parabola with focus (5, 5) and directrix x = -5

D Question 10 1 pts Table shows a random sample of 200 cyclists and routes they prefer by gender. If you randomly select a person from people represented in the table, what is the probability that...

A.Rod Manufacturing Company is trying to calculate its cost of capital for use in making a capital budgeting decision. Mr. Jeter, the vice-president of finance, has given you the following...