38 A firm not sure of the response to its product in ten different colour shades decides to produce them in those colour shades, if the ranking of these colour shades by two typical consumer judges is highly correlated. The two judges ranks the 10 colours in the following order: 3 Colour No. 2 4 6. 8. 10- 6. 8. 10 Ranking by Judge I Judge II 6. 4 3 1 4. 1 6. 8. 10 6. 3. Is there any agreement between the two judges, to allow the introduction of the product by the firm in the market ?

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.8: Probability
Problem 32E
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38
A firm not sure of the response to its product in ten different colour
shades decides to produce them in those colour shades, if the ranking of
these colour shades by two typical consumer judges is highly correlated.
The two judges ranks the 10 colours in the following order:
3
Colour No.
6.
8.
9.
10
6.
8.
10
Ranking by Judge I
Judge II
Is there any agreement between the two judges, to allow the
introduction of the product by the firm in the market ?
6.
4
3
1
6.
8
10
3
Transcribed Image Text:38 A firm not sure of the response to its product in ten different colour shades decides to produce them in those colour shades, if the ranking of these colour shades by two typical consumer judges is highly correlated. The two judges ranks the 10 colours in the following order: 3 Colour No. 6. 8. 9. 10 6. 8. 10 Ranking by Judge I Judge II Is there any agreement between the two judges, to allow the introduction of the product by the firm in the market ? 6. 4 3 1 6. 8 10 3
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