Answer Happy

Consider the following competing hypotheses: Ho: Pxy = 0 HA: Pxy + 0 The sample consists of 25 observations and the sample correlation coefficient is 0.86. [You may find it useful to reference the t table.) a-1. Calculate the value of the test statistic. (Round intermediate calculations to at least 4 decimal places and final answer to 3 decimal places.) Test statistic a-2. Find the p-value. O p-value Picture 0.10 O 0.05 Picture p-value <0.10 O 0.02 Picture p-value < 0.05 O 0.01 Picture p-value < 0.02 O p-value < 0.01 b. At the 5% significance level, what is the conclusion to the test? Do not reject Ho, we cannot state the variables are correlated. O Reject Ho; we cannot state the variables are correlated. Do not reject Ho; we can state the variables are correlated.

b. At the 5% significance level, what is the conclusion to the test? O Do not reject Ho, we cannot state the variables are correlated. Reject Ho; we cannot state the variables are correlated. O Do not reject Ho; we can state the variables are correlated. O Reject Ho; we can state the variables are correlated.