Shown here are the percentages of consumer loans with payments that are 30 days or more overdue for both bank credit cards and home equity loans over a 14-year period, according to the American Bankers Association. Compute a Spearman’s rank correlation to determine the degree of association between these two variables.
Answer to relevant QuestionsShown here are the net tonnage figures for total pig iron and raw steel output in the United States as reported by the American Iron and Steel Institute over a 12-year period. Use these data to calculate a Spearman’s rank ...Use the Kruskal-Wallis test and α = .01 to determine whether the four groups come from differentpopulations.Automobile dealers usually advertise in the yellow pages of the telephone book. Sometimes they have to pay to be listed in the white pages, and some dealerships opt to save money by omitting that listing, assuming most ...Many fast-food restaurants have soft drink dispensers with preset amounts, so that when the operator merely pushes a button for the desired drink the cup is automatically filled. This method apparently saves time and seems ...Shown here is Minitab output from a Friedman test. What is the size of the experimental design in terms of treatment levels and blocks? Discuss the outcome of the experiment in terms of any statisticalconclusions.
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