Profit and Working Capital. Sixteen industries of this State have been ranked as follows according to profits earned in 1970-71, and working capital for the year : A BCD EFGHIJK L M N 0 P 8 9 10 11 12 13 14 15 16 Industry Rank (Profit) 1 2 3 4 Rank (work- ing capital) 13 16 14 15 10 12 4 11 5 9 8 Calculate the correlation coefficient, 5 6 7 3 1 6 7 2

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Profit and Working Capital. Sixteen industries of this
State have been ranked as follows according to profits earned in
1970-71, and working capital for the year:
Industry
Rank (Profit) 1 2
Rank (work-
ing capital) 13 16 14 15 10 12 4 11 5 9 8 3 1 6 7 2
Calculate the correlation coefficient,
A BCD EFGHIJK L
5 6 7
M NO P
8 9 10 11 12 13 14 15 16
3 4
Transcribed Image Text:Profit and Working Capital. Sixteen industries of this State have been ranked as follows according to profits earned in 1970-71, and working capital for the year: Industry Rank (Profit) 1 2 Rank (work- ing capital) 13 16 14 15 10 12 4 11 5 9 8 3 1 6 7 2 Calculate the correlation coefficient, A BCD EFGHIJK L 5 6 7 M NO P 8 9 10 11 12 13 14 15 16 3 4
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