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You are given the following information regarding a specific set of statistical data consisting of 75 data sets: x is hours of painting and y
You are given the following information regarding a specific set of statistical data consisting of 75 data sets:
x is hours of painting and y is price paid for the project
r = .49;
t=2.447
T = 2.3
Which statement about the data provided is correct?
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The sample size is too small.
Since t and T are close in value this provides strong confidence in the relationship.
Youcan have strong confidence that the variation in price can be explained by the relationship with the hours of painting.
The n value will be 75.
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