Recently, an Automobile Insurance Company Performed a Study of a Random

question 114

Multiple Choice

Recently, an automobile insurance company performed a study of a random sample of 15 of its customers to determine if there is a positive relationship between the number of miles driven and the age of the driver. The sample correlation coefficient is r = .38. Given this information, and assuming that the test is to be performed at the .05 level of significance, which of the following is the correct test statistic?

• A) t = 1.4812
• B) t = 1.7709
• C) z = 2.114
• D) t = 1.74

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Definitions:

Five Rules of Management

A set of principles aimed at improving management efficiency and effectiveness in an organization.

Henri Fayol

A French engineer and scholar who is best known for developing one of the earliest theories of management that emphasized management practices and the principles of organizing, commanding, coordinating, controlling, and planning.

Foresight

The ability to anticipate future events, trends, or consequences, allowing for better preparedness and strategic planning.

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