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

question 41

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The sample correlation coefficient between X and Y is 0.375.It has been found out that the p- value is 0.256 when testing H0 : ρ\rho = 0 against the two-sided alternative H1 : ρ\rho = 0 .To testH0 : ρ\rho\neq 0 against the one-sided alternative H1 : ρ\rho = 0 at a significance level of 0.1, the p-value is


Definitions:

Natural Monopoly

A market condition where a single supplier is most efficient in producing a good or service due to high initial costs and substantial economies of scale.

Marginal Cost

The augmentation in cumulative costs linked with generating an extra unit of a product or service.

Average Cost

The overall expense of manufacturing split by the quantity of units made.

Rate of Return

The increase or decrease in value of an investment throughout a determined period, shown as a percent of the investment’s initial cost.

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