Two variables have a correlation coefficient equal

Assignment Help Microeconomics
Reference no: EM13698184

Two variables have a correlation coefficient equal to -0.65 from a sample size of 10. Which one of the following statements describes the results of the hypothesis test that the population correlation coefficient is less than zero using a = 0.05?

Because the test statistic is greater than the critical value, we fail to reject the null hypothesis and conclude that the population correlation coefficient is not less than zero.

Because the test statistic is greater than the critical value, we can reject the null hypothesis and conclude that the population correlation coefficient is less than zero.

Because the test statistic is less than the critical value, we can reject the null hypothesis and conclude that the population correlation coefficient is less than zero.

 

Because the test statistic is less than the critical value, we can reject the null hypothesis and conclude that the population correlation coefficient is not less than zero.

Reference no: EM13698184

Questions Cloud

In monopoly-the terms price maker and price setter : The terms price maker, price setter, and price searcher are all meant to imply the same thing, which is. In monopoly,
The term price maker : The payment to resource owners has to be equal to ____ in order to keep the resources in their current use. The term price maker
Profit maximization between perfect competitor-type of firms : A(n) ____ may offer products that are either differentiated or nondifferentiated. What is the difference in profit maximization between the perfect competitor and all other types of firms?
Rivalry is special destructive to probability : Rivalry is special destructive to probability if:
Two variables have a correlation coefficient equal : Two variables have a correlation coefficient equal to -0.65 from a sample size of 10. Which one of the following statements describes the results of the hypothesis test that the population correlation coefficient is less than zero using a = 0.05?
Bolivia falls into which category of human development : Find out the most recent data for Bolivia that can be used to compute its new human development index (NHDI). Make a table to table to record data/values of different components of NHDI of Bolivia and the year of the data.
What is the present equivalent of the rental income : Suppose that annual income from a rental property is expected to start at $1,350 per year and decrease at a uniform amount of $55 each year after the first year for the 12-year expected life of the property. The investment cost is $8,200, and i is 9%..
What is the level of absolute poverty in this economy : Consider the following distribution of income in a 12 person economy, with the modern urban wage=3, the traditional rural income=1 and the informal urban wage = 2: (1,2,3,1,2,3,1,2,31,2,1). the poverty line is at 1.3. What is the level of absolute po..
Manufacturing technology that reduces the cost of producing : If there is a new breakthrough in manufacturing technology that reduces the cost of producing DVD players by half, what will happen the following Four parts of supply and demand: (1) supply of DVD players, (2) demand for DVD players, (3) price and sa..

Reviews

Write a Review

Microeconomics Questions & Answers

  Determining demand for housing

The demand for housing is often described as being highly cyclical and very sensitive to housing prices and interest rates. Given these characteristics describe the effect of each of the following terms of whether it would increase or decrease the..

  The equilibrium-relative commodity price

Draw in the line showing the equilibrium-relative commodity price in isolation in each nation.

  The market value of the equipment at the end

Allen and Aimee put $70,000 of their own money into the firm

  Would bmw be justied in advertising that under standard

show all formulas and calculations in an organized fashion for full credit. because of the expense involved car crash

  Calculate the cross-price elasticity

Calculate the cross-price elasticity for the following goods. Determine if they are substitutes or complements?

  Give a numerical example to show that a monopolists marinal

give a numerical example to show that a monopolists marinal revenue can be upward-slping over prt of its range. hint

  Economic profits-accounting profits

What is the maximum amount you would pay for an asset that generates an income of $250,000 at the end of each of 5 years if the opportunity cost (interest rate) of using funds is 8 %?

  Explain the exports effect of this change in the exchange

Explain the exports effect of this change in the exchange rate.

  How concerned must company be about impact of recession on

the maker of a leading brand of low-calorie microwavable food estimated the following demand equation for its product

  Evaluate the following as true or false and explain

Suppose there is a tax cut, holding constant government purchases and all other factors affecting the AD curve. Illustrate the short run effects on output and the price level and LABEL them.

  Presume a certain country has a private saving

Presume a certain country has a private saving of 6 % of GDP, capital inflow of 1 % GDP and a balanced budget. What is its level of investment if the budget deficit is 1.5 % of GDP?

  Produce the profit maximizing level of output and therefore

Produce the profit maximizing level of output and therefore there will be no deadweight loss associated with this production.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd