Answer Happy

Exercise 14-3 Static Consider the following competing hypotheses: HO: Oxy = 0 HA: Oxy * 0 The sample consists of 25 observations and the sample correlation coefficient is 0.15. (You may find it useful to reference the t table.) a-1. Calculate the value of the test statistic. (Round final answer to 3 decimal places.) Test statistic 0.728 a-2. Find the p-value. O p-value < 0.01 O 0.01 ≤ p-value < 0.02 O 0.02 s p-value < 0.05 O 0.05 ≤ p-value < 0.10 O p-value ≥ 0.10 b. At the 5% significance level, what is the conclusion to the test? O Reject Ho; we can state the variables are correlated. O Reject Ho; we cannot state the variables are correlated. O Do not reject Ho; we can state the variables are correlated. O Do not reject Ho; we cannot state the variables are correlated.