Return Assets Return Assets Return Assets 29.3 300 16.0 421 12.9 75 27.6 70 15.5 99 11.3 610 23.7 3,004 15.2 756 9.9 264 22.3 161 15.0 730 7.9 27 22.0 827 14.4 436 6.7 71 19.6 295 14.0 143 3.3 719 17.6 29 13.7 117

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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The accompanying table shows, for a random sample of 20 long-term-growth mutual funds, percentage return over a period of 12 months and total assets (in millions of dollars).

Return  Assets  Return  Assets  Return  Assets
29.3 300 16.0 421 12.9 75
27.6 70 15.5 99 11.3 610
23.7 3,004 15.2 756 9.9 264
22.3 161 15.0 730 7.9 27
22.0 827 14.4 436 6.7 71
19.6 295 14.0 143 3.3 719
17.6 29 13.7 117

a. Calculate the Spearman rank correlation coefficient.
b. Carry out a nonparametric test of the null hypothesis of no association in the population against a two-sided alternative.
c. Discuss the advantages of a nonparametric test for these data.

Return
Assets Return
Assets Return
Assets
29.3
300
16.0
421
12.9
75
27.6
70
15.5
99
11.3
610
23.7
3,004
15.2
756
9.9
264
22.3
161
15.0
730
7.9
27
22.0
827
14.4
436
6.7
71
19.6
295
14.0
143
3.3
719
17.6
29
13.7
117
Transcribed Image Text:Return Assets Return Assets Return Assets 29.3 300 16.0 421 12.9 75 27.6 70 15.5 99 11.3 610 23.7 3,004 15.2 756 9.9 264 22.3 161 15.0 730 7.9 27 22.0 827 14.4 436 6.7 71 19.6 295 14.0 143 3.3 719 17.6 29 13.7 117
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