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1. State the decision rule for 0.05 significance level: Ho: ps0; H: p>0 (Round your answer to 3 Reject Ho if t> 2. Compute the value of the test statistic. (Round your answer to 2 decimal places.) Value of the test statistic

1. State the decision rule for 0.05 significance level: Ho: ps0; H: p>0 (Round your answer to 3 Reject Ho if t> 2. Compute the value of the test statistic. (Round your answer to 2 decimal places.) Value of the test statistic

MATLAB: An Introduction with Applications
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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A study of 20 worldwide financial institutions showed the correlation between their assets and pretax profit to be 0.86. 1. State the decision rule for 0.05 significance level: Ho: ps0; H: p>0 (Round your answer to 3 decimal places.) Reject Ho if t> 2. Compute the value of the test statistic. (Round your answer to 2 decimal places.) Value of the test statistic 3. Can we conclude that the correlation in the population is greater than zero? Use the 0.05 significance level. Reject Ho It is reasonable to conclude that there is positive association in the population between assets and pretax profit. Prev 9 of 10 Next >
Transcribed Image Text:A study of 20 worldwide financial institutions showed the correlation between their assets and pretax profit to be 0.86. 1. State the decision rule for 0.05 significance level: Ho: ps0; H: p>0 (Round your answer to 3 decimal places.) Reject Ho if t> 2. Compute the value of the test statistic. (Round your answer to 2 decimal places.) Value of the test statistic 3. Can we conclude that the correlation in the population is greater than zero? Use the 0.05 significance level. Reject Ho It is reasonable to conclude that there is positive association in the population between assets and pretax profit. Prev 9 of 10 Next >
Expert Solution
Given

r = 0.86

n = 20

t-critical value = 1.734

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