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A Sample of 30 Observations Provides the Following Statistics: Sx

Question 123

Essay

A sample of 30 observations provides the following statistics: sx = 14; sy = 19; sxy = -150.
A) Calculate and interpret the sample correlation coefficient rxy.
B) Specify the hypotheses to determine whether or not x and y are significantly correlated.
C) At the 5% significance level, what is the conclusion to the test using the critical-value approach? Explain.
D) At the 5% significance level, what is the conclusion to the test using the p-value approach? Explain.

Correct Answer:

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a. rxy = -0.56; moderate negative linear r...

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