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Two variables have a correlation coefficient equal to +0.55 from a sample size of 8. Which one of ...

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Two variables have a correlation coefficient equal to +0.55 from a sample size of 8. Which one of ...

Two variables have a correlation coefficient equal to +0.55 from a sample size of 8. Which one of the following statements describes the results of the hypothesis test that the population correlation coefficient is greater than zero using α = 0.05?

▸ 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 greater 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 greater than zero.

▸ 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 not 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.

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Business Statistics

Edition: 2^nd

Author: Donnelly

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