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Home Q & A Board Science-Related Homework Help Mathematics Statistics and Probability
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writingprof12 writingprof12
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2 years ago
Costco sells paperback books in their retail stores and wanted to examine the relationship between price and demand. The price of a particular novel was adjusted each week and the weekly sales were recorded in the table below.

Which one of the following statements describes the results of the hypothesis test that the population correlation coefficient is less than zero using α = 0.05?

▸ Because the test statistic is less than the critical value, we fail to reject the null hypothesis and conclude that the population correlation coefficient is less 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 less than zero.

▸ Because the test statistic is greater than the critical value, we can reject the null hypothesis and conclude that the population correlation coefficient is less 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 not less than zero.
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Business Statistics

Business Statistics


Edition: 2nd
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big_larry_sampbig_larry_samp
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writingprof12 Author
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2 years ago
Thanks
courtneyrmcd
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
mikey3091
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2 hours ago
Helped a lot
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