A Hypothesis Test That Rho Is Zero Is Conducted at the 5

question 56

Multiple Choice

A hypothesis test that rho is zero is conducted at the 5% level of significance. If Spearman's (rho) is 0.86 for a sample of 15 observations,what is the computed value of the t-statistic?

• A)0.456
• B)6.08
• C)0.425
• D)2.16

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Definitions:

In-house Survey

A survey conducted internally within an organization to gather feedback or information from employees or departments.

Compa-ratio

A metric comparing an individual's salary to the midpoint of the market rate for similar positions.

Pay Dispersion

The extent to which salaries vary within a company or organization, often measured by the difference between the highest and lowest paid positions.

Pay Range

The scale of minimum to maximum amounts of compensation that an organization is willing to pay for a specific job or level of responsibility.