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Qn 1(c): To examine whether rich children have rich fathers, Mr. Tan learnt from his seniors that he can test whether the coefficient of correlation (r) is greater than 0. He did some research and found that the test statistic is t= rn-21-r2 which follows the Student’s t- distribution with (n-2) degrees of freedom. Please help Mr. Tan to complete the analysis. Explain your results.

To examine whether rich children have rich fathers, a Pearson coefficient correlation was completed. The analysis used a t-test statistic of t = r√n−2 √1−r 2 with t-distribution with (n-2) degrees of freedom. etc……