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Compute the value of the test statistic

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Reference no: EM132904790

For a sample of 40 large U.S. cities, the correlation between the mean number of square feet per office worker and the mean monthly rental rate in the central business district is -0.363.

State the decision rule for 0.05 significance level: H0: ρ ≥ 0; H1: ρ < 0 (Negative value should be indicated by a minus sign. Round your answer to 3 decimal places.)

Compute the value of the test statistic. (Negative value should be indicated by a minus sign. Round your answer to 2 decimal places.)

Can we conclude that there is a negative association between the two variables? Use the 0.05 significance level.

Reference no: EM132904790

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