Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The correlation coefficient r is a sample statistic. What does it tell us about the value of the population correlation coefficient p (Greek letter rho)?

image text in transcribed
The correlation coefficient r is a sample statistic. What does it tell us about the value of the population correlation coefficient p (Greek letter rho)? You do not know how to build the formal structure of hypothesis tests of p yet. However, there is a quick way to determine if the sample evidence based on p is strong enough to conclude that there is some population correlation between the variables. In other words, we can use the value of r to determine if p # 0. We do this by comparing the value [r| to an entry in the correlation table. The value of a in the table gives us the probability of concluding that p # 0 when, in fact, p = 0 and there is no population correlation. We have two choices for a: a = 0.05 or a = 0.01. Critical Values for Correlation Coefficient r n a = 0.05

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

Finite Math And Applied Calculus

Authors: Stefan Waner, Steven Costenoble

6th Edition

1285415132, 9781285415130

More Books

Students also viewed these Mathematics questions