Upgrade to access all content for this subject
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.