Question

Perform rank correlation analysis on the following data set: x y -4 3.7 -3 2.8 -2.3...

Perform rank correlation analysis on the following data set:

x y
-4 3.7
-3 2.8
-2.3 3.3
-1.55 1.7
-0.6 0.6
0.4 1.2
1.25 1.8
2 1.2
2.95 2.7
3.9 4.4
4.85 5.7

What is the rank correlation coefficient?  (Round to three decimal places.)

What is the critical rho value at a 0.01 significance?

Do we have correlation?

  • Yes, the rank correlation coefficient is larger (in absolute value) than the critical rho value.
  • No, the rank correlation coefficient is smaller (in absolute value) than the critical rho value.
  • Yes, the rank correlation coefficient is smaller (in absolute value) than the critical rho value.
  • No, the rank correlation coefficient is larger (in absolute value) than the critical rho value.

Homework Answers

Answer #1
 > x = c(-4,-3,-2.3,-1.55,-0.6,0.4,1.25,2,2.95,3.9,4.85) > y = c(3.7,2.8,3.3,1.7,0.6,1.2,1.8,1.2,2.7,4.4,5.7) > #correlation test > cor.test(x,y, method = "spearman",conf.level = 0.99)     Spearman's rank correlation rho data: x and y S = 185.92, p-value = 0.6493 alternative hypothesis: true rho is not equal to 0 sample estimates: rho 0.1548979 

The rank correlation coefficient is 0.155

the critical value at 0.01 significance is 0.765

since p-value is 0.6493 >0.01 so, we have correlation in data

Yes, the rank correlation coefficient is smaller (in absolute value) than the critical rho value

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Perform rank correlation analysis on the following data set: x y -3 -40 -2.55 -38 -2.05...
Perform rank correlation analysis on the following data set: x y -3 -40 -2.55 -38 -2.05 -21 -1.55 -29 -1.1 3 -0.65 6 -0.35 -14 -0.05 2 0.5 21 0.8 -17 1.25 4 1.75 -3 2.15 19 2.45 4 3.05 10 3.45 52 4.05 55 4.45 84 4.75 77 What is the rank correlation coefficient?  (Round to three decimal places.) What is the critical rho value at a 0.05 significance? Do we have correlation? Yes, the rank correlation coefficient is smaller...
We wish to determine the impact of Specification Buying, X11, on Satisfaction Level, X10. To do...
We wish to determine the impact of Specification Buying, X11, on Satisfaction Level, X10. To do so we will split the Hatco data file into two separate data sets based on the Specification Buying, X11. This variable has two categories: 1=employs total value analysis approach, evaluating each purchase separately; 0 = use of specification buying. Sort the entire Hatco data set based on Specification Buying. This will create two separate groups of records. Those records with X11 = 0 and...
Year-Year Percent Change in Commodities CPI Year-Year Percent Change in Services CPI Year Commodities% Services% 1960...
Year-Year Percent Change in Commodities CPI Year-Year Percent Change in Services CPI Year Commodities% Services% 1960 0.9 3.4 1961 0.6 1.7 1962 0.9 2.0 1963 0.9 2.0 1964 1.2 2.0 1965 1.1 2.3 1966 2.6 3.8 1967 1.9 4.3 1968 3.5 5.2 1969 4.7 6.9 1970 4.5 8.0 1971 3.6 5.7 1972 3.0 3.8 1973 7.4 4.4 1974 11.9 9.2 1975 8.8 9.6 1976 4.3 8.3 1977 5.8 7.7 1978 7.2 8.6 1979 11.3 11.0 1980 12.3 15.4 1981 8.4...
To measure profitability, La Quinta used operating margin, which is the ratio of the sum profit,...
To measure profitability, La Quinta used operating margin, which is the ratio of the sum profit, depreciation, and interest expenses divided by total revenue. The ratio is expressed in percent form, meaning that it could theoretically take on any value between 0 and 100, with a higher value indicating greater profitability. La Quinta defines profitable inns as those with an operating margin in excess of 50 percent; unprofitable inns are those with margins of less than 30 percent. After a...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT