A Researcher Calculates a Correlation of

question 95

Multiple Choice

A researcher calculates a correlation of .44 between age and income for 15 people. For α = .05 (two-tailed) , which of the following is the correct way to present this analysis?

• A) r(13) = .44, p < .05
• B) r(13) = .44, p > .05
• C) r(14) = .44, p < .05
• D) r(15) = .44, p < .05

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Definitions:

Gold Standard

An economic setup where the worth of paper money or a country's currency is directly connected to the value of gold.

Fixed Exchange Rates

A government or central bank policy to maintain the country’s currency at a constant value relative to another currency or a benchmark.

Floating Exchange Rates

A currency valuation system where the value of a currency is determined by the foreign exchange market based on supply and demand relative to other currencies.

Gold Standard

A monetary system in which the value of currency is directly linked to gold, whereby currencies can be exchanged for a specific amount of gold.