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Relationship between the pump price of gasoline

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Reference no: EM132904218

Pennsylvania Refining Company is studying the relationship between the pump price of gasoline and the number of gallons sold. For a sample of 18 stations last Tuesday, the correlation was 0.70.

The following hypotheses are given.

H0: ρ ≤ 0

H1: ρ > 0

a. State the decision rule for 0.010 significance level. (Round your answer to 3 decimal places.)

b. Compute the value of the test statistic.(Round your answer to 3 decimal places.)

Reference no: EM132904218

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