Imagine You Are Interested in Researching the Relationship Between Job $\pm$

question 117

Multiple Choice

Imagine you are interested in researching the relationship between job experience and income among early-career working professionals.You take a random sample of 32 professionals from the nearest city,and you ask them to report their annual income and submit a resumé outlining their professional experience.You later calculate their years of experience from their resumés.You compute the following information:
After comparing the observed correlation to the critical values of $\pm$ 2.042,what would your conclusion be regarding the "true" correlation in the population (r) ?

• A)r most likely differed from zero because of sampling error
• B)You are confident that r does not equal zero
• C)It is likely that r₁ ¹ r₂
• D)There is a weak relationship between work experience and income

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Definitions:

Standard Deviation

An indicator of the range of variability or spread within a series of numbers, showing the extent to which these numbers deviate from the average.

Mean Price

Mean price is the average price of a set of goods or services, calculated by dividing the total price by the number of items.

Item

An individual article or unit, especially one that is part of a list, collection, or set.

Stock Boys

Individuals responsible for stocking shelves, organizing products, and maintaining inventory in retail stores.