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Correlation Analysis between Student Success and Family Income

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A sociologist claims that the success of students in college (measured by their GPA) is related to their family's income. For a sample of 20 students, the coefficient of correlation is 0.40. Using the 0.01 significance level, can we conclude that there is a positive correlation between the variables?

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This solution gives the step by step method for computing correlation for the given data in an attached Word document and also as a copy in an attached PDF document.

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Positive Correlation- Discussion Question 15-36
A sociologist claims that the success of students in college (measured by their GPA) is related to their family's income. For a sample of 20 students, the coefficient of correlation is ...

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