A study of 10 worldwide financial institutions showed the correlation between their assets and pretax profit to be 0.71. Required: a. State the decision rule for 0.010 significance level: $H_0: \rho \leq 0$; $H_1: \rho > 0$ Note: Round your answer to 3 decimal places. Reject $H_0$ if $t >$ b. Compute the value of the test statistic. Note: Round your answer to 3 decimal places. Value of the test statistic
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The critical value is the value that separates the rejection region from the non-rejection region. The critical value for a one-tailed test with a significance level of 0.010 and 9 degrees of freedom is 2.821. Show moreā¦
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