document.write( "Question 301969: For 20 corporations, we found that the correlation coefficient between financial performance and the number of illegal actions detected is -.5. Test the null hypothesis that the population correlation coefficient is equal to zero, against the alternative hypothesis that it is less than zero. Use an alpha of 0.05. It is a _____ hypothesis test.\r
\n" ); document.write( "\n" ); document.write( "Is this a one tailed or two tailed hypothesis test?
\n" ); document.write( "

Algebra.Com's Answer #216538 by stanbon(75887)\"\" \"About 
You can put this solution on YOUR website!
For 20 corporations, we found that the correlation coefficient between financial performance and the number of illegal actions detected is -.5. Test the null hypothesis that the population correlation coefficient is equal to zero, against the alternative hypothesis that it is less than zero. Use an alpha of 0.05.
\n" ); document.write( "---------------------------------\r
\n" ); document.write( "\n" ); document.write( "It is a bivariate regression hypothesis test.
\n" ); document.write( "Is this a one tailed or two tailed hypothesis test?
\n" ); document.write( "Ans: left-tail.
\n" ); document.write( "---------------------------------
\n" ); document.write( "Ho: rho = 0
\n" ); document.write( "Ha: rho < 0
\n" ); document.write( "---
\n" ); document.write( "test stat: t = -0.5/[sqrt[(1-(-0.5)^2)/(20-2)) = -2.4495
\n" ); document.write( "p-value: P(t<-2.4495 with df=10) = 0.0121
\n" ); document.write( "---
\n" ); document.write( "Conclusion: Since the p-value is less that 5%, reject Ho.
\n" ); document.write( "======================
\n" ); document.write( "Cheers,
\n" ); document.write( "Stan H.
\n" ); document.write( "======================
\n" ); document.write( "
\n" ); document.write( "
\n" );