Cryptocurrencies have rapidly become an important alternative to traditional currencies for many types of transactions. Etherium, one of the most prominent cryptocurrencies, has rapidly appreciated in value. Daily Etherium trading information for the first 332 days of 2021. It includes the following variables:DateDay – Day of the year, used to assess trend over timeVolume (US $) – Daily trading volumeOpening Price (US $) – Opening price for daily tradingPrice Change (US $) – Daily change in price from opening to close1. Determine the sample correlation coefficient, r, between Volume and Price Change. Test the alternative hypothesis that Volume has a linear relationship to Price Change. Specifically, what are the test statistic and the p-value for that test statistic? For α = .05, what do you conclude about the relationship between the variables? (reminder: the T.DIST.2T function requires input of a positive test statistic) DateDayVolumeOpening PricePrice Change1/1/21113652004358737.7084-7.34081/2/21219740771179730.402644.13231/3/21345200463368774.5118200.99581/4/21456945985763977.058863.17421/5/21415359327811041.498858.50731/6/21446999141881101.0050106.10721/7/217404680272801208.078417.59971/8/218443348266661225.9679-1.77081/9/219332331053611223.740557.33681/10/2110406169380531280.8711-18.62441/11/2111607336303001261.6229-171.47751/12/2112374946016921088.5267-45.09221/13/2113301097927951043.741086.99841/14/2114334109159291130.231288.22181/15/2115359720393101221.8772-50.04261/16/2116323192401571171.443162.09451/17/2117292580328191233.4534-3.28111/18/2118258174555601230.313226.96631/19/2119471959351901257.4346119.86131/20/2120467840309091375.24847.02561/21/2121459324647541382.6844-261.11351/22/2122439183385061118.8890117.62321/23/2123272538954411235.2679-4.27731/24/2124364181635541231.2106160.39881/25/2125435657777451390.6399-66.22511/26/2126415729177501323.741733.31641/27/2127393944169901358.3334-105.14621/28/2128397904819411251.279846.82201/29/2129536119552591369.086813.43601/30/2130306165742341382.2319-6.11651/31/2131251988535811376.8236-61.83742/1/2132292106709201314.855254.18532/2/2133454371428011369.5051145.68862/3/2134418745663991514.7697146.13992/4/2135443968718361661.1702-66.40752/5/2136401086284541594.7933123.85752/6/2137398734206481717.7975-39.95072/7/2138398894401511677.6057-63.37792/8/2139480122859561613.6422132.97462/9/2140441807275291746.926121.10892/10/2141419160846171768.0398-23.79642/11/2142360214952621743.714240.08372/12/2143379050368651783.489160.04352/13/2144353594905351843.9868-29.87702/14/2145314391149001814.3723-9.28822/15/2146389556108831804.6768-24.8857

Definition of Correlation coefficient: Correlation coefficient is a measure of degree or extent of…

Answered: 1. Determine the sample correlation…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Cryptocurrencies have rapidly become an important alternative to traditional currencies for many types of transactions. Etherium, one of the most prominent cryptocurrencies, has rapidly appreciated in value. Daily Etherium trading information for the first 332 days of 2021.

It includes the following variables:

Date

Day – Day of the year, used to assess trend over time

Volume (US $) – Daily trading volume

Opening Price (US $) – Opening price for daily trading

Price Change (US $) – Daily change in price from opening to close

1. Determine the sample correlation coefficient, r, between Volume and Price Change. Test the alternative hypothesis that Volume has a linear relationship to Price Change. Specifically, what are the test statistic and the p-value for that test statistic? For α = .05, what do you conclude about the relationship between the variables? (reminder: the T.DIST.2T function requires input of a positive test statistic)