What is the test statistic?(round to two decimal places) What is the pvalue?(round to three decimal places) Reject or don’t reject null hypothesis

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 15PPS
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What is the test statistic?(round to two decimal places) What is the pvalue?(round to three decimal places) Reject or don’t reject null hypothesis?
The following table shows the selling prices, in thousands of dollars, and the square footages of five randomly selected houses recently sold by a real estate company. The data have a sample correlation
coefficient, rounded to three decimal places, of 0.555. Using a = 0.01 and the data given below, test the significance of the population correlation coefficient between a house's selling price and its square footage.
What conclusions can you draw?
Selling Price
$257
$199 $251
$167
Square Footage 2782 1893 2115 2190
What are the correct null and alternative hypotheses?
OA. Ho p>0
H₁: p=0
OC. Ho p=0
H₁ p>0
What is the test statistic?
t=
(Round to two decimal places as needed.)
$240 O
2390
B. Ho P#0
H₁: p=0
D. Ho: p=0
H₁: p=0
Transcribed Image Text:The following table shows the selling prices, in thousands of dollars, and the square footages of five randomly selected houses recently sold by a real estate company. The data have a sample correlation coefficient, rounded to three decimal places, of 0.555. Using a = 0.01 and the data given below, test the significance of the population correlation coefficient between a house's selling price and its square footage. What conclusions can you draw? Selling Price $257 $199 $251 $167 Square Footage 2782 1893 2115 2190 What are the correct null and alternative hypotheses? OA. Ho p>0 H₁: p=0 OC. Ho p=0 H₁ p>0 What is the test statistic? t= (Round to two decimal places as needed.) $240 O 2390 B. Ho P#0 H₁: p=0 D. Ho: p=0 H₁: p=0
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