A Bank Is Interested in Determining Whether Its Customers' Checking

question 137

True/False

A bank is interested in determining whether its customers' checking balances are linearly related to their savings balances. A sample of n = 20 customers was selected and the correlation was calculated to be +0.40. If the bank is interested in testing to see whether there is a significant linear relationship between the two variables using a significance level of .05, the correct null and alternative hypotheses to test are: H0 : r = 0.0 Ha : r ≠ 0.0

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Definitions:

Category

A class or division of people or things regarded as having particular shared characteristics or properties.

Schema

A cognitive framework or concept that helps organize and interpret information, based on one's experiences and knowledge.

Impression

The initial perception or judgment formed about someone or something based on available information.

Misremember

The act of incorrectly recalling or reporting past events or information.