For a Sample of N = 16 Individuals, How Large $\alpha=.05$

question 63

Multiple Choice

For a sample of n = 16 individuals, how large a Pearson correlation is necessary to be statistically significant for a two-tailed test with $\alpha=.05$ ?

• A)0.497
• B)0.482
• C)0.468
• D)0.456

Understand the critical factors that contribute to effective coaching relationships.

Realize the importance of clear expectations in working relationships.

Evaluate the advantages and disadvantages of using internal versus external change agents.

Explain the basic forms and models of change within organizations, including Kurt Lewin's model.

---

Definitions:

Consumer Surplus

The gulf between the aggregate amount consumers are willing to allocate for a good or service and what they actually end up paying.

Producer Surplus

The variance between the minimum amount producers are prepared to take for a product and the actual payment they get.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing between multiple options.

Deadweight Loss

The loss of economic efficiency that occurs when the equilibrium for a good or service is not achieved, often due to market distortions like taxes or subsidies.