A study of 8 worldwide financial institutions showed the correlation between their assets and pretax profit to be 0.76. Can we conclude that there is a positive correlation between assets and pretax profit?
A. State the decision rule for 0.01 significance level: H0: rho ≤ 0; H1: rho > 0. (Round your answer to 3 decimal places.)
B. Compute the value of the test statistic. (Round your answer to 2 decimal places.)
C. Can we conclude that the correlation in the population is greater than zero? Use the 0.01 significance level.