Applied Statistics in Business and Economics
Applied Statistics in Business and Economics
5th Edition
ISBN: 9781259329050
Author: DOANE
Publisher: MCG
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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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