Find a statistically significant correlation

Reference no: EM13994923

Many samples, each of 100 observations, are drawn from a population in which there is a correlation of 0.70 between two variables. How often would you expect to find a statistically significant correlation?

hardly ever
about one time in 100
about one time in 20
almost always.

Reference no: EM13994923

Questions Cloud

Calculate the three firm concentration ratio and interpret : Suppose the two industries exhibit the following market shares for firms:? Calculate the three firm concentration ratio and interpret. Calculate the Her find all Index and interpret. Which industry is the most competitive? Explain.

An outcome measured on a five-point scale : An outcome measured on a five-point scale (not at all to always)... is an example of an ordinal variable. has a behavior problem when it comes to residuals.

The following selected circumstances relate : Erismus is a plaintiff in a lawsuit. Erismus's management believes it is probable that the company eventually will prevail in court, and that if it prevails, the judgment will be $1,000,000.

How your nonverbal behaviors influence your communication : Consider your own communication style. Consider how your nonverbal behaviors influence your communication with others

Find a statistically significant correlation : Many samples, each of 100 observations, are drawn from a population in which there is a correlation of 0.70 between two variables. How often would you expect to find a statistically significant correlation?

Dimension reduction : Dimension reduction describes loss of precision. describes factor analysis. is an example of ANOVA. is a weight-loss program.

Treatment of relation between nominal-real interest rates : Frank and Sarah and Irving Irving Fisher is the real hero of the Frank and Sarah problem. His treatment of the relation between nominal and real interest rates and inflation suggests that if Frank wants a two percent real interest rate , the nominal ..

Discuss the use of the scientific method : Discuss the use of the scientific method in the following two scenarios. Discuss how you use this method in your daily life, providing specific examples

A relative risk : A relative risk is a risk of matrimony an outcome statistic

User Account

All Pages