In: Statistics and Probability
Obs |
Income |
GPA |
1 |
1.51 |
3.18 |
2 |
3.31 |
2.85 |
3 |
1.81 |
1.84 |
4 |
2.42 |
4.61 |
5 |
1.72 |
3.18 |
6 |
1.63 |
3.98 |
7 |
0.98 |
1.35 |
8 |
1.04 |
2.78 |
9 |
1.55 |
3.74 |
10 |
2.75 |
2.87 |
Now calculate whether the result obtained is statistically significant
6. Are the results significant at the 5% level and explain what it means in terms of the Null hypothesis? (20 points)