Perform rank correlation analysis on the following data set:   x y -3 -0.7 -1.85 -0.5 -0.65 -0.4 0.25 0.5 1.15 1.2 2.35 0.4 3.4 -1   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 larger (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 smaller (in absolute value) than the critical rho value. No, the rank correlation coefficient is larger (in absolute value) than the critical rho value.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter4: Linear Functions
Section: Chapter Questions
Problem 30PT: For the following exercises, use Table 4 which shows the percent of unemployed persons 25 years or...
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Perform rank correlation analysis on the following data set:

 

x y
-3 -0.7
-1.85 -0.5
-0.65 -0.4
0.25 0.5
1.15 1.2
2.35 0.4
3.4 -1

 

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