When Testing Whether the Correlation Coefficient Differs from Zero,the Value

question 49

Multiple Choice

When testing whether the correlation coefficient differs from zero,the value of the test statistic is with a corresponding p-value of 0.0061.At the 5% significance level,can you conclude that the correlation coefficient differs from zero?

• A)Yes,since the p-value is less than 0.05.
• B)Yes,since the absolute value of the test statistic exceeds 0.05.
• C)No,since the p-value is less than 0.05.
• D)No,since the absolute value of the test statistic exceeds 0.05.

---

Definitions:

Globalization

The increasing interconnectedness and interdependence of the world's markets and businesses, facilitated by advancements in transportation, communication, and technology.

Tax Bases

The total amount of assets or income that can be taxed by a government, forming the foundation for calculating tax liabilities.

Services

Intangible products or actions that provide value to consumers, differing from goods which are physical items.

Federal Government

The national government of a federal country, which shares sovereignty with constituent states or provinces, responsible for governing national matters.