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Perform the required correlation test. You may presume that the assumptions for regression inferences are met.
-Ten students in a graduate program were randomly selected. Their grade point averages (GPAs)when they entered the program were between 3.5 and 4.0. The following data consist of the students' GPAs (x)on entering the program and their current GPAs (y).
The sample linear correlation coefficient is r = 0.043. At the 5% significance level, do the data provide sufficient evidence to conclude that entering GPA and current GPA are linearly correlated?
Promissory Estoppel
The legal enforcement of an otherwise unenforceable contract due to a party’s detrimental reliance on the contract.
Negligent Misrepresentation
A false statement of material fact made by a party who thinks it is true but who would have known the truth about the fact had he or she used reasonable care to discover or reveal it.
Statute of Frauds
A legal doctrine requiring certain contracts to be in writing and signed by the parties involved to be enforceable.
Lifetime Employment
A practice, often associated with Japanese companies, where employees are hired with an understanding or expectation of employment security until retirement.
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