Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Is there a significant correlation between household income and the size which a child will draw a nickel? Household incomes (in thousands of $) are
Is there a significant correlation between household income and the size which a child will draw a nickel? Household incomes (in thousands of $) are shown for each of the 75 samples below, along with the size of a nickel drawn by the child: Income (thousands of $) Coin size (mm) 33 18 25 32 14 27 15 19 .15 27 28 29 17 18 11 28 16 24 9 22 34 21 23 15 8 18 35 15 8 23 79 16 60 25 76 29 49 23 52 14 87 19 60 28 75 23 You can copy the data into the apps by highlighting the data, right-clicking and selecting Copy (or Ctrl + c), then open the Art of Stat window, click on the first cell, and right-clicking and selecting Paste (or Ctrl + v). Test the claim that there is significant correlation at the 0.05 significance level using a linear regression t- test for the slope. Retain at least 3 decimals on all values. Step 1) Identify the correct hypotheses in symbolic notation.Step 1) Identify th OHor = 0 HA:T#0 OHO : B = 0 HA : B #0 OHo : B # 0 HA : B = 0 O Ho: u = 0 HA:4 0 O Ho : PLOW = PHigh HA : PLOW # PHigh Step 2) Identify the procedure We will conduct [Select an answer with a Select an answer ] level of significance. Step 3) Calculations The test statistic value is: t = The p-value of Step 4) Conclusion The p-value Select an answer and we Select an answer |Which means Select an
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started