A bank is interested in determining whether its customers' checking balances are linearly related to their savings balances. A sample of n = 20 customers was selected and the correlation was calculated to be +0.40
If the bank is interested in testing to see whether there is a significant linear relationship between the two variables using a significance level of 0.05, the value of the test statistic is approximately t = 1.8516. Indicate whether the statement is true or false
TRUE
Business
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Business
When a company buys back its own common stock it is engaging in a
A) stock split. B) stock reissue. C) stock repurchase. D) stock repo. E) none of the above.
Business