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Suppose you calculate a correlation statistic $\rho = 1.3$.

How would you interpret this result?

This is a large, positive correlation implying that there is a very strong relationship between the two random variables.

It is a statistically insignificant correlation, implying that there is no relationship between the two random variables.

The correlation statistic is a random variable that is distributed $\rho \sim N(0,1)$

The calculated correlation statistic is not feasible.

The calculated correlation statistic is only feasible when the number of observations is large.