Assume that we want to test the null hypothesis that the cor…
Assume that we want to test the null hypothesis that the correlation between two variables is 0 vs. the alternative hypothesis that the correlation between these two variables is positive. Based on a random sample of n = 20 observations, we calculate the sample correlation coefficient of r = 0.50. Using a significance level of 0.05, which one of the following statements represents the correct conclusion?
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