A sample of 25 individuals was taken to investigate the relationship between their annual income and number of years of education. The Pearson's correlation coefficient (r) was calculated to be 0.6. Test the hypothesis at a significance level of 0.01 that the population correlation coefficient is different from 0.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 24PFA
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A sample of 25 individuals was taken to investigate the relationship between their annual income and number of years of education. The Pearson's correlation coefficient (r) was calculated to be 0.6. Test the hypothesis at a significance level of 0.01 that the population correlation coefficient is different from 0.
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