Test at the 5% level for a positive correlation between house value and rental amount. (iv) Calculate and enter test statistic Enter value in decimal form rounded to nearest hundredth, with appropriate sign (no spaces). Examples of correctly entered answers: –2.10 –0.07 +0.60 +1.09 Recommended online calculators: Correlation Coefficient - Testing Significance (v) Using tables, calculator, or spreadsheet: Determine and enter p-value corresponding to test statistic. Enter value in decimal form rounded to nearest thousandth. Examples of correctly entered answers: 0.000 0.001 0.030 0.600 0.814 1.000 Recommended online calculator: Correlation Coefficient - Testing Significance (vi) Comparing p-value and α value, which is the correct decision to make for this hypothesis test? A. Reject Ho B. Fail to reject Ho C. Accept Ho D. Accept HA Enter letter corresponding to correct answer.
Q5B
The table below contains the value of the house and the amount of rental income in a year that the house brings in ("Capital and rental," 2013).
Table: Data of House Value versus Rental
Value |
Rental |
Value |
Rental |
Value |
Rental |
Value |
Rental |
81000 |
6656 |
77000 |
4576 |
75000 |
7280 |
67500 |
6864 |
95000 |
7904 |
94000 |
8736 |
90000 |
6240 |
85000 |
7072 |
121000 |
12064 |
115000 |
7904 |
110000 |
7072 |
104000 |
7904 |
135000 |
8320 |
130000 |
9776 |
126000 |
6240 |
125000 |
7904 |
145000 |
8320 |
140000 |
9568 |
140000 |
9152 |
135000 |
7488 |
165000 |
13312 |
165000 |
8528 |
155000 |
7488 |
148000 |
8320 |
178000 |
11856 |
174000 |
10400 |
170000 |
9568 |
170000 |
12688 |
200000 |
12272 |
200000 |
10608 |
194000 |
11232 |
190000 |
8320 |
214000 |
8528 |
208000 |
10400 |
200000 |
10400 |
200000 |
8320 |
240000 |
10192 |
240000 |
12064 |
240000 |
11648 |
225000 |
12480 |
289000 |
11648 |
270000 |
12896 |
262000 |
10192 |
244500 |
11232 |
325000 |
12480 |
310000 |
12480 |
303000 |
12272 |
300000 |
12480 |
Test at the 5% level for a
(iv) Calculate and enter test statistic
Enter value in decimal form rounded to nearest hundredth, with appropriate sign (no spaces). Examples of correctly entered answers:
–2.10 –0.07 +0.60 +1.09
Recommended online calculators:
(v) Using tables, calculator, or spreadsheet: Determine and enter p-value corresponding to test statistic.
Enter value in decimal form rounded to nearest thousandth. Examples of correctly entered answers:
0.000 0.001 0.030 0.600 0.814 1.000
Recommended online calculator:
Correlation Coefficient - Testing Significance
(vi) Comparing p-value and α value, which is the correct decision to make for this hypothesis test?
A. Reject Ho
B. Fail to reject Ho
C. Accept Ho
D. Accept HA
Enter letter corresponding to correct answer.
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