A study of 9 worldwide financial institutions showed the correlation between their assets and pretax profit to be 0.73. 1)State the decision rule for 0.010 significance level: H0: ρ ≤ 0; H1: ρ > 0. (Round your answer to 3 decimal places.) Reject H0 if t> 2)Compute the value of the test statistic. (Round your answer to 2 decimal places.) 3)Can we conclude that the correlation in the population is greater than zero? Use the 0.010 significance level.
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
A study of 9 worldwide financial institutions showed the
1)State the decision rule for 0.010 significance level: H0: ρ ≤ 0; H1: ρ > 0. (Round your answer to 3 decimal places.)
Reject H0 if t>
2)Compute the value of the test statistic. (Round your answer to 2 decimal places.)
3)Can we conclude that the correlation in the population is greater than zero? Use the 0.010 significance level.
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