Suppose You Perform a Two-Tailed Significance Test on a Correlation

question 13

Multiple Choice

Suppose you perform a two-tailed significance test on a correlation between the number of books read for enjoyment and the number of credit hours taken,using 32 participants.Your is 0.15,which is not a significant correlation coefficient.Which of the following is the correct way to report this finding?

• A)r(32)=  0.15,p > 0.05
• B)r(31)=  0.15,p > 0.05
• C)r(30)=  0.15,p < 0.05
• D)r(30)=  0.15,p > 0.05

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Definitions:

Financial Markets

Marketplaces where individuals and entities can trade financial securities, commodities, and other fungible assets.

Loanable Funds Market

A theoretical market where borrowers and lenders negotiate interest rates for loans, which determines the supply and demand for credit in the economy.

Scarce Resources

Refers to the limited availability of resources that are used for the production of goods and services; scarcity necessitates the need for allocation decisions.

Declining Revenues

A decrease in the amount of money received from sales or services over a period of time.