Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

For the 50 U.S. states, the sample correlation coefficient relating the 1980 per capita income and the 1999 per capita income is approximately 0.17 (source:

image text in transcribed
For the 50 U.S. states, the sample correlation coefficient relating the 1980 per capita income and the 1999 per capita income is approximately 0.17 (source: U.S. Bureau of Economic Analysis, Survey of Current Business, May 2000). Based on this information, test for a significant linear relationship between the variables 1980 per capita income and 1999 per capita income by doing a hypothesis test regarding the population correlation coefficient p. (Assume that the two variables have a bivariate normal distribution.) Use the 0.10 level of significance, and perform a two-tailed test. Then complete the parts below. (If necessary, consult a list of formulas.) (a) State the null hypothesis Ho and the alternative hypothesis H. P H :0 X (b) Determine the type of test statistic to use. t Degrees of freedom: 020 0-0 0-0 (c) Find the value of the test statistic. (Round to three or more decimal places.) (d) Find the two critical values at the 0.10 level of significance. (Round to three or more decimal places.) X and (e) Based on the data, can we conclude (using the 0.10 level) that there is a significant linear relationship between 1980 per capita income and 1999 per capita income for U.S. states? Yes No

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

Trigonometry A Unit Circle Approach

Authors: Michael Sullivan

10th Edition

0321999347, 9780321999344

More Books

Students also viewed these Mathematics questions

Question

We are interviewing quite a few people, why should we hire you?

Answered: 1 week ago

Question

1. To understand how to set goals in a communication process

Answered: 1 week ago