If two variables have a correlation coefficient equal to - 0.60 from a sample size of 5, we can conclude that the population correlation coefficient is less than zero using α = 0.05.

Question

Quizplus · Accepted Answer

A correlation coefficient of -0.60 from a small sample size (n=5) does not provide enough evidence to conclusively determine the direction or strength of the population correlation coefficient without conducting a hypothesis test and calculating the confidence interval or p-value, especially considering the small sample size and the chosen significance level (α = 0.05).

If Two Variables Have a Correlation Coefficient Equal to -