Big Rock Insurance Company did a study of per capita income and volume of insurance sales in eight Midwest cities. The volume of sales in each city was ranked, with 1 being the largest volume. The per capita income was rounded to the nearest thousand dollars. Reading Rank of insurance sales volume 1 2 4 5 6 7 8 7 1 4 3 Per capita income in $1000 16 13 14 19 12 18 15 17 Jsing a 0.01 level of significance, test the claim that there is a monotone relation (either way) between rank of sales volume and rank of per capita income. (a) Using a rank of 1 for the highest per capita income, make a table of ranks to be used for a Spearman rank correlation test. Rank of per capita income in $1000 y Rank of City insurance sales d = x - y volume x 1 8 2 6 7 3 4 5 6. 2 7 4 8 3 = Compute the sample test statistic. (Use 3 decimal places.)

Big Rock Insurance Company did a study of per capita income and volume of insurance sales in eight Midwest cities. The volume of sales in each city was ranked, with 1 being the largest volume. The per capita income was rounded to the nearest thousand dollars. Reading Rank of insurance sales volume 1 2 4 5 6 7 8 7 1 4 3 Per capita income in $1000 16 13 14 19 12 18 15 17 Jsing a 0.01 level of significance, test the claim that there is a monotone relation (either way) between rank of sales volume and rank of per capita income. (a) Using a rank of 1 for the highest per capita income, make a table of ranks to be used for a Spearman rank correlation test. Rank of per capita income in $1000 y Rank of City insurance sales d = x - y volume x 1 8 2 6 7 3 4 5 6. 2 7 4 8 3 = Compute the sample test statistic. (Use 3 decimal places.)

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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