A sample of 30 used cars sold by an auto dealership revealed that the correlation coefficient between selling price and number of kilometres driven was -0.45. We want to test, at the 1% significance level, if there is a negative linear relationship in the population between selling price and number of kilometres driven. Our decision would be to reject the null hypothesis and conclude that the evidence supports the claim of a negative linear relationship in the population at the 5% level of significance. True False

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