Title: Sarah is the office manager for a group of financial advisors who provide financial services for ...
Post by: DarciXero on Dec 30, 2021
Sarah is the office manager for a group of financial advisors who provide financial services for individual clients. She would like to investigate whether a relationship exists between the number of presentations made to prospective clients in a month and the number of new clients per month. The following table shows the number of presentations and corresponding new clients for a random sample of six employees.
Sarah would like to use simple regression analysis to estimate the number of new clients per month based on the number of presentations made by the employee per month. Which one of the following statements describes the results of the hypothesis test that the population correlation coefficient is greater than zero using α = 0.10?
▸ Because the test statistic is greater than the critical value, we can reject the null hypothesis and conclude that the population correlation coefficient is greater than zero.
▸ Because the test statistic is greater than the critical value, we fail to reject the null hypothesis and conclude that the population correlation coefficient is greater than zero.
▸ Because the test statistic is less than the critical value, we fail to reject the null hypothesis and cannot conclude that the population correlation coefficient is greater than zero.
▸ Because the test statistic is less than the critical value, we can reject the null hypothesis and conclude that the population correlation coefficient is not greater than zero.
Sarah would like to use simple regression analysis to estimate the number of new clients per month based on the number of presentations made by the employee per month. Which one of the following statements describes the results of the hypothesis test that the population correlation coefficient is greater than zero using α = 0.10?
▸ Because the test statistic is greater than the critical value, we can reject the null hypothesis and conclude that the population correlation coefficient is greater than zero.
▸ Because the test statistic is greater than the critical value, we fail to reject the null hypothesis and conclude that the population correlation coefficient is greater than zero.
▸ Because the test statistic is less than the critical value, we fail to reject the null hypothesis and cannot conclude that the population correlation coefficient is greater than zero.
▸ Because the test statistic is less than the critical value, we can reject the null hypothesis and conclude that the population correlation coefficient is not greater than zero.
Title: Sarah is the office manager for a group of financial advisors who provide financial services for ...
Post by: emilyelizabeth2 on Dec 30, 2021
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