Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A recent study of 15 shoppers showed that the correlation between the time spent in the store and the dollars spent was 0.235. Using a

A recent study of 15 shoppers showed that the correlation between the time spent in the store and the dollars spent was 0.235. Using a significance level equal to 0.10, which of the following is true?

A.The null hypothesis that the population mean is equal to zero should be rejected and we should conclude that the true correlation is not equal to zero

B.The sample correlation coefficient could be zero since the test statistic does not fall in the rejection region.

C.Based on the sample data there is not enough evidence to conclude that the true correlation is different from zero

D.The null hypothesis should be rejected because the test statistic exceeds the critical value

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Project Management A Systems Approach to Planning Scheduling and Controlling

Authors: Harold Kerzner

10th Edition

978-047027870, 978-0-470-5038, 470278706, 978-0470278703

More Books

Students also viewed these General Management questions

Question

How will systems or structures be addressed?

Answered: 1 week ago

Question

B. Assume that you plan to Please use excel.

Answered: 1 week ago

Question

Tool (SIP): Go back and rework your school improvement plan so that

Answered: 1 week ago