Car 2 3 4 6. 8 9. Age (years) Selling Price (in thousands) Determine the coefficient of correlation using spearman rank correlation and test the significance at 0.01. 2.5 4 5.5 7 6 10 4 3 400 300 250 190 280 120 170 320 350

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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A used car depot wants to study the relationship between the age of a car and its selling price. Listed below is a random sample of 9 cars sold at the depot during the last 3 months.
Car
2
3
4
6
8
9
Age (years)
Selling Price (in thousands)
Determine the coefficient of correlation using spearman rank correlation and test the significance at 0.01.
2.5
4
5.5
7
6
10
8
4
400
300
250
190
280
120
170
320
350
Transcribed Image Text:Car 2 3 4 6 8 9 Age (years) Selling Price (in thousands) Determine the coefficient of correlation using spearman rank correlation and test the significance at 0.01. 2.5 4 5.5 7 6 10 8 4 400 300 250 190 280 120 170 320 350
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