An analyst is working with correlations and wants to calcula

An analyst is working with correlations and wants to calculate an interval estimate using Fisher\'s transformation. He has a correlation of r = -0.027 from a sample of n = 47 data points. What is the standard error of the transformed value z*(r)?

Solution

The standard error of Z8(r) is:

SE_zr = 1/sqrt[N-3]

=1/sqrt(47-3)

=0.145