Ten new sales representatives for Clark Sprocket and Chain Inc. were required to attend a training program before being assigned to a regional sales office. At the end of the program, the representatives took a series of tests and the scores were ranked. For example, Arden had the lowest test score and is ranked 1; Arbuckle had the highest test score and is ranked 10. At the end of the first sales year, the representatives’ ranks based on test scores were paired with their first year sales. Ten new sales representatives for Clark Sprocket and Chain Inc. were required to attend a training program beforebeing assigned to a regional sales office. At the end of the program, the representatives took a series of tests andthe scores were ranked. For example, Arden had the lowest test score and is ranked 1; Arbuckle had the highesttest score and is ranked 10. At the end of the first sales year, the representatives' ranks based on test scores werepaired with their first year sales.Ranking inTrainingProgramRanking inTrainingAnnual SalesAnnual SalesRepresentative ($ thousands)KitchenRepresentative ($ thousands)Program319Arden3001Bond150Crane280Gross175Arthur200Arbuckle46010Keene1904Greene3487Knopf3003Click here for the Excel Data Filea-1. Compute and interpret the coefficient of rank correlation between first-year sales and class rank after thetraining program. (Negative amount should be indicated by a minus sign. Round your answers to 2 decimalplaces.) a-1. Compute and interpret the coefficient of rank correlation between first-year sales and class rank after thetraining program. (Negative amount should be indicated by a minus sign. Round your answers to 2 decimalplaces.)RepresentativeSalesRankTrainingd-square13191.0081502317544601034876300728068200919041030030.00a-2. Determine Spearman's rank correlation coefficient. (Round your answer to3 decimal places.)Spearman's coefficient of rank correlation =b-1. State the decision rule. Use the 0.05 significance level. (Round youranswer to 3 decimal places.)Reject Ho if t>b-2. Compute the value of the test statistic. (Round your answer to 3 decimalplaces.)t =b-3. At the 0.05 significance level, can we conclude that there is a positiveassociation between first-year sales dollars and ranking in the trainingprogram?Họ isTherepositive association between first-ye

Name: Ten new sales representatives for Clark Sprocket and Chain Inc. were r
Uploaded: 2024-03-20T07:06:16.000Z
Channel: Bartleby
Description: Ten new sales representatives for Clark Sprocket and Chain Inc. were required to attend a training program before being assigned to a regional sales office. At the end of the program, the representatives took a series of tests and the scores were ran