Competing hypotheses and accompanying sample data

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Reference no: EM131798038

Consider the following competing hypotheses and accompanying sample data.

H₀: ρs ≤ 0 rs = 0.64 and n = 50

a. What is the value of the test statistic and its associated p-value? Assume the normal approximation for rs.

b. At the 1 % significance level, what is the conclusion?

Reference no: EM131798038

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