Discussion Prompt

Suppose you are reviewing data for two distinct aspects of your sales processes. You wonder if they are correlated in a significant way, and so you take a sample of size 10, you do some calculations, and you find that your sample has a Pearson correlation coefficient of r = 0.75. Is this a statistically significant correlation, with 99% confidence?

1. State whether this is a one or two-tailed test, and explain why.

2. Calculate the value of the critical points you are using, and explain how you found those values.

3. State the result of your test, and explain in your own words what it means.