Two variables have a correlation coefficient equal to -0.65 from a sample size of 10. Which one of the following statements describes the results of the hypothesis test that the population correlation coefficient is less than zero using ? = 0.05?
A) 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.
B) 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 less than zero.
C) 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.
D) 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.
A
You might also like to view...
_____ are expense items that do not become part of a final product
a. Installations b. Supplies c. Component parts d. Business services
An accommodation party who signs an instrument guaranteeing payment is secondarily liable on the instrument
Indicate whether the statement is true or false
In the marine insurance industry, a "free from particular average" policy provides more protection than a "with average" policy
Indicate whether the statement is true or false
Isabel owns a house, which she advertises for sale for $300,000. On April 1, Jon-Pierre offers Isabel $280,000 for the house. On April 5, Isabel has delivered to Jon-Pierre at his office a form that includes additional terms but does not state a price
At 9 A.M. on April 6, Jon-Pierre signs the form and gives it to Karla, his administrative assistant, with instructions to mail it. At 10 A.M., Isabel calls to tell Jon-Pierre that the deal is off. The next day, Karlamails the signed form to Isabel. When Isabel refuses to sell the house to Jon-Pierre, he files a suit against her, alleging breach of contract. Isabel claims that there was no contract. What are arguments supporting each party's position? What is the court likely to rule? Explain.