10.E: Testing the Significance of the Correlation Coefficient (Optional Exercises)
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When testing the significance of the correlation coefficient, what is the null hypothesis?
When testing the significance of the correlation coefficient, what is the alternative hypothesis?
Answer
\(H_{a}: \rho \neq 0\)
If the level of significance is 0.05 and the \(p\text{-value}\) is \(0.04\), what conclusion can you draw?