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A sample of 30 observations provides the following statistics: sx = 14;sy = 19; sxy = 150. a. Calculate and interpret the sample correlation coefficient
A sample of 30 observations provides the following statistics: sx = 14;sy = 19; sxy = 150. a. Calculate and interpret the sample correlation coefficient rxy. b. Specify the hypotheses to determine whether or not x and y are significantly correlated. c. At the 5% significance level, what is the conclusion to the test using the critical-value approach? Explain. d. At the 5% significance level, what is the conclusion to the test using the p-value approach? Explain
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