The Final Exam Scores of 10 Randomly Selected Statistics Students $\alpha = .01$

question 21

Essay

The final exam scores of 10 randomly selected statistics students and the number of hours they studied for the exam are given below. Can you conclude that there is a correlation between the scores on the test and the times spent studying? Use $\alpha = .01$ .
$\begin{array}{l|cccccccccc}\text { Hours } & 2 & 4 & 1 & 7 & 1 & 3 & 3 & 4 & 5 & 2 \\\hline \text { Scores } & 64 & 79 & 59 & 87 & 65 & 77 & 84 & 89 & 89 & 70\end{array}$

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Definitions:

First-mover Advantage

The benefit gained by the initial significant occupant of a market segment, often allowing for the establishment of strong brand recognition and customer loyalty.

Niche Manipulation

Niche manipulation refers to the strategic actions taken by organizations or individuals to shape or adapt their specific segment of the market to gain a competitive advantage.

Anticipatory Market Leadership

A strategic approach where a company actively predicts future market trends and customer needs to position itself as a leader in innovation and service.

Equity Financing

Raising capital through the sale of shares in a company, providing investors with ownership interests.