Statistics for Business & Economics (with XLSTAT Education Edition Printed Access Card) (MindTap Course List)
Statistics for Business & Economics (with XLSTAT Education Edition Printed Access Card) (MindTap Course List)
13th Edition
ISBN: 9781305585317
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Publisher: Cengage Learning
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Chapter 18.5, Problem 35E

A national study by Harris Interactive, Inc., evaluated the top technology companies and their reputations. The following shows how 10 technology companies ranked in reputation and how the companies ranked in percentage of respondents who said they would purchase the company’s stock. A positive rank correlation is anticipated because it seems reasonable to expect that a company with a higher reputation would have the more desirable stock to purchase.

Company Reputation Stock Purchase
Microsoft 1 3
Intel 2 4
Dell 3 1
Lucent 4 2
Texas Instruments 5 9
Cisco Systems 6 5
Hewlett-Packard 7 10
IBM 8 6
Motorola 9 7
Yahoo 10 8
  1. a. Compute the rank correlation between reputation and stock purchase.
  2. b. Test for a significant positive rank correlation. What is the p-value?
  3. c. At α = .05, what is your conclusion?
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Chapter 18 Solutions

Statistics for Business & Economics (with XLSTAT Education Edition Printed Access Card) (MindTap Course List)

Ch. 18.1 - Competition in the personal computer market is...Ch. 18.2 - Two fuel additives are tested to determine their...Ch. 18.2 - A sample of 10 men was used in a study to test the...Ch. 18.2 - Percents of on-time arrivals for flights in the...Ch. 18.2 - A test was conducted for two overnight mail...Ch. 18.2 - The LPGA ANA Inspiration tournament was held in...Ch. 18.2 - The Scholastic Aptitude Test (SAT) consists of...Ch. 18.3 - Two fuel additives are being tested to determine...Ch. 18.3 - Samples of starting annual salaries for...Ch. 18.3 - The gap between the earnings of men and women with...Ch. 18.3 - Are Southern and Western states equally prone to...Ch. 18.3 - Each year Bloomberg Businessweek publishes...Ch. 18.3 - Police records show the following numbers of daily...Ch. 18.3 - A certain brand of microwave oven was priced at 10...Ch. 18.3 - Chicago Midway International Airport and...Ch. 18.4 - A sample of 15 consumers provided the following...Ch. 18.4 - Three admission test preparation programs are...Ch. 18.4 - Forty-minute workouts of one of the following...Ch. 18.4 - The National Football League (NFL) holds its...Ch. 18.4 - A large corporation sends many of its first-level...Ch. 18.4 - The better-selling candies are often high in...Ch. 18.5 - Consider the following set of rankings for a...Ch. 18.5 - Prob. 33ECh. 18.5 - Prob. 34ECh. 18.5 - A national study by Harris Interactive, Inc.,...Ch. 18.5 - Prob. 36ECh. 18.5 - A student organization surveyed both current...Ch. 18 - A survey asked the following question: Do you...Ch. 18 - Due to a recent decline in the housing market, the...Ch. 18 - Twelve homemakers were asked to estimate the...Ch. 18 - Prob. 41SECh. 18 - The following data are product weights for the...Ch. 18 - A client wants to determine whether there is a...Ch. 18 - Prob. 44SECh. 18 - Prob. 45SECh. 18 - Prob. 46SECh. 18 - Prob. 47SE
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