The Sample Correlation Coefficient Between X and Y Is 0 $\rho$

question 24

Multiple Choice

The sample correlation coefficient between X and Y is 0.375.It has been found out that the p- value is 0.744 when testing H₀ : $\rho$ = 0 against the one-sided alternative H₁: $\rho$ $\lt$ 0.To test H₀ : $\rho$ = 0 against the two-sided alternative H₁: $\rho$ $\neq$ 0 at a significance level of 0.1,the p-value is

• A)0.744 / 2
• C)1- 0.744

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Definitions:

Elasticity Coefficient

A measure of how much the quantity demanded or supplied of a good responds to a change in price, income, or other variables.

Inelastic

A situation where the demand or supply of a good or service is not significantly affected by changes in price.

Fastest-growing

Describes entities, sectors, or economies that are increasing in size, value, or importance at a more rapid pace than others within the same category.

Occupations

Refers to various jobs or professions that individuals engage in to earn income and contribute to the economy.