Loose-leaf For Applied Statistics In Business And Economics
Loose-leaf For Applied Statistics In Business And Economics
5th Edition
ISBN: 9781259328527
Author: David Doane, Lori Seward Senior Instructor of Operations Management
Publisher: McGraw-Hill Education
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Chapter 16.7, Problem 14SE

a.

To determine

Check the column sums by converting the data into ranks.

b.

To determine

Find the Spearman’s rank correlation coefficient.

c.

To determine

Identify whether to reject the hypothesis of zero correlation at α=0.01.

d.

To determine

Check the findings using MegaStat.

e.

To determine

Find the Pearson correlation coefficient using Excel.

Explain why rank correlation might be preferred.

f.

To determine

Explain why rank correlation might be preferred.

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