### Hypothesis Testing of Rank CorrelationA hypothesis test assessing whether the rank correlation in a population is zero is conducted at a 5% level of significance. Given a sample size of 15 observations and a rank correlation coefficient of 0.54, determine the computed value of the \( t \)-statistic.**Multiple Choice Options:**- 2.467- 4.319- 0.687- 2.313Use these options to identify the correct \( t \)-statistic value based on the given rank correlation coefficient and sample size.

The rank correlation coefficient is 0.54 and the sample size n is 15.

Answered: A hypothesis test that rank 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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A hypothesis test that rank correlation in the population is zero is conducted at the 5% level of significance. If the rank correlation coefficient is 0.54 for a sample of 15 observations, what is the computed value of the t-statistic? Multiple Choice 2.467 4.319 0.687 2.313