Consider 62 pair of observations \((x_i, y_i)\), \(i = 1, \ldots, 62\), obtained from the distribution of \((X, Y)\). The Pearson correlation coefficient (\(R\)) of these observations is 0.27.
Which one of the following statements is CORRECT for a significance level \(\alpha = 0.05\) and \(t_{0.025,60} = 2.0\)?
Hint: Test statistic \( t = \dfrac{R\sqrt{n-2}}{\sqrt{1-R^2}} \)