# Confidence Limits for Correlation coefficient!

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#1
The correlation coefficient between income and savings for a random sample of 70 households was calculated to be 0.78. Calculate 95% confidence limits for the population correlation coefficient.

Im thinking the method here is 0.78+-1.96x standard error of the correlation coefficient.

However, I have seen several different formulas for the standard error, and Im not sure this is the right method in the first place!

If anyone can explain this to me I would be extremely grateful.
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#2
Would the standard error be (1-r)^2 / sqrtn-1 ?

If anyone can help thatd be amazing.
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6 years ago
#3
See if this helps you
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#4
(Original post by mathsRus)
See if this helps you
Thanks I appreciate the input, however in that PDF all i am seeing is information on linear regression and im not sure how to use it in this question! Am i missing something?
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