If the Pearson Correlation Is Calculated for a Sample of N

question 36

Multiple Choice

If the Pearson correlation is calculated for a sample of n = 20 individuals,what value for df should be used to determine whether or not the correlation is significant?​

• A)​18
• B)​19
• C)​20
• D)​21

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Definitions:

Trade Surplus

A scenario where the value of goods a country sells abroad is higher than what it buys, reflecting a surplus in the trade balance.

Favorable Balance

A financial situation where the credits or revenues are greater than debits or expenses, leading to a net positive outcome.

Balance of Trade

The difference between a country's exports and imports of goods and services.

Exports

Goods or services sold by a country to buyers in other countries, contributing to the exporting nation’s economy.