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Question
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.
Answer
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