Correlation 1. Eunice Consultancy took a random sample of the monthly office rents per square meter and the percentage of vacancy office space in 15 different cities. The results are shown in the table below. Monthly Rent Vacancy Rate X 10 121860991220158912 4,000 7,500 5,300 6,200 8,000 5,000 9,000 3,400 4,400 5,100 8,000 9,000 9,900 8,800 9,000 a. Construct a scatter diagram. b. Calculate the coefficient of correlation using the Pearsons Product-Moment Coefficient of Correlation and the Spearman's Rank-Order Coefficient of Correlation. c. Calculate the coefficient of correlation using the Spearman's Rank-Order Coefficient of Correlation.
Correlation 1. Eunice Consultancy took a random sample of the monthly office rents per square meter and the percentage of vacancy office space in 15 different cities. The results are shown in the table below. Monthly Rent Vacancy Rate X 10 121860991220158912 4,000 7,500 5,300 6,200 8,000 5,000 9,000 3,400 4,400 5,100 8,000 9,000 9,900 8,800 9,000 a. Construct a scatter diagram. b. Calculate the coefficient of correlation using the Pearsons Product-Moment Coefficient of Correlation and the Spearman's Rank-Order Coefficient of Correlation. c. Calculate the coefficient of correlation using the Spearman's Rank-Order Coefficient of Correlation.
MATLAB: An Introduction with Applications
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ISBN:9781119256830
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Related questions
Question
![Correlation
1. Eunice Consultancy took a random sample of the monthly office rents per square meter and the percentage of vacancy office
space in 15 different cities. The results are shown in the table below.
Monthly Rent
Vacancy Rate
X
01218609912201158912
4,000
7,500
5,300
6,200
8,000
5,000
9,000
3,400
4,400
5,100
8,000
9,000
9,900
8,800
9,000
a. Construct a scatter diagram.
b. Calculate the coefficient of correlation using the Pearsons' Product-Moment Coefficient of Correlation and the
Spearman's Rank-Order Coefficient of Correlation.
c. Calculate the coefficient of correlation using the Spearman's Rank-Order Coefficient of Correlation.
d. Interpret the results.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd2cd6e93-ebbf-4fac-aa12-de00c6453db8%2Fe3c52762-728d-492f-9eed-892f2a0d51bf%2Fvjzgfuc_processed.png&w=3840&q=75)
Transcribed Image Text:Correlation
1. Eunice Consultancy took a random sample of the monthly office rents per square meter and the percentage of vacancy office
space in 15 different cities. The results are shown in the table below.
Monthly Rent
Vacancy Rate
X
01218609912201158912
4,000
7,500
5,300
6,200
8,000
5,000
9,000
3,400
4,400
5,100
8,000
9,000
9,900
8,800
9,000
a. Construct a scatter diagram.
b. Calculate the coefficient of correlation using the Pearsons' Product-Moment Coefficient of Correlation and the
Spearman's Rank-Order Coefficient of Correlation.
c. Calculate the coefficient of correlation using the Spearman's Rank-Order Coefficient of Correlation.
d. Interpret the results.
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VIEWStep 3: Obtain the value of the spearman’s rank correlation coefficient.
VIEWStep 4: Obtain the value of the spearman’s rank correlation coefficient.
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