Will sells cars. He thinks there is a positive correlation between the price of a car and its mileage.
He calculates the product moment correlation coefficient between these two variables for a random sample of 15 cars and obtains r=0.455r = 0.455r=0.455
Given that H0:ρ=0H_0: \rho = 0H0:ρ=0, H1:ρ>0 H_1: \rho > 0\,H1:ρ>0 and the critical value is 0.4409, carry out the test at a 5% level of significance.
State clearly
340 exam-style questions on Edexcel A Level Maths Regression, Correlation and Hypothesis Testing, covering 1.1 Exponential Models, 1.2 Measuring Correlation, and 1.3 Hypothesis Testing for Zero Correlation. Each one has a worked solution and a mark scheme showing where the marks go.