Answer:
H0 : ρ = 0
H1 : ρ ≠ 0
Test statistic = 1.197
Pvalue = 0.2335
There is no correlation between the two variables
Explanation:
The null and alternative hypothesis :
H0 : No correlation exist,
H1 : Correlation exist
H0 : ρ = 0
H1 : ρ ≠ 0
Test statistic, T = r / √(1 - r²) / (n - 2)
T = 0.067 / √(1 - 0.067²) / (320 - 2)
T = 0.067 / √(0.995511 / 318)
T = 0.067 / 0.0559512
T = 1.197
The Pvalue obtained from the Rscore, at df = 320 - 2 = 318 is 0.2335
α = 5% = 0.05
The Pvalue > α ; we fail to reject the null and conclude that, there is no correlation between the two variables.