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We have a dataset with Industrial Production Growth Rate and Unemployment Rate variables within 192 countries....

We have a dataset with Industrial Production Growth Rate and Unemployment Rate variables within 192 countries. The correlation between two variables is: (0.1185402).

a) Write an appropriate null and alternative hypotheses.

b) Do the t-test and explain and interpret the correlation. Does it mean anything? (4-8 sentences)

d) Explain why the results are significant. If no significant relationship was found, what does this tell us? (4-8 sentences)

Math   Statistics-And-Probability   
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TOPIC: t-test for correlation coefficient and the required interpretations.

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