Consider the following com peting hypotheses:

Th e s am p le consists o f 3 0 ob se rva tio n s a nd th e sam ple co rrelation c o e ffic ie n t is - 0 . 6 0 .

a. C alcu late th e v alu e o f th e test statistic.

b. A pproxim ate th e p -value.

c. At t h e 5 % significance level, w h a t is th e conclusion to th e test? Explain. P-968