A researcher claims that the proportion of people who are right-handed is 70%. To test this claim, a random sample of 600 people is taken and its determined that 397 people are right handed The following is the setup for this hypothesis test: Ha:pt0.70 Find the p-value for this hypothesis test for a proportion and round your answer to 3 decimal places. The following table can be utilized which provides areas under the Standard Normal Curve: 0.00 2.20.014 2.1 0.018 2.0 0.023 1.9 0.029 1.80.036 -1.7 0.045 0.01 0.014 0.017 0.022 0.028 0.02 0.013 0.017 0.022 0.027 0.034 0.043 0.03 0.013 0.017 0.021 0.027 0.034 0.042 0.04 0.013 0.016 0.021 0.026 0.033 0.041 0.05 0.012 0.0160.015 0.020 0.026 0.025 0.032 0.040 0.07 0.012 0.015 0.019 0.024 0.031 0.038 0.08 0.011 0.015 0.019 0.024 0.030 0.038 0.09 0.011 0.014 0.018 0.023 0.029 0.037 0.06 0.012 0.020 0.035 0.031 0.044 0.039

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Correlation

Correlation defines a relationship between two independent variables. It tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.

Linear Correlation

A correlation is used to determine the relationships between numerical and categorical variables. In other words, it is an indicator of how things are connected to one another. The correlation analysis is the study of how variables are related. 

Regression Analysis

Regression analysis is a statistical method in which it estimates the relationship between a dependent variable and one or more independent variable. In simple terms dependent variable is called as outcome variable and independent variable is called as predictors. Regression analysis is one of the methods to find the trends in data. The independent variable used in Regression analysis is named Predictor variable. It offers data of an associated dependent variable regarding a particular outcome.