Shown here are the percentages of consumer loans with payments that are 30 days or more overdue

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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 twovariables.

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Business Statistics for Contemporary Decision Making

ISBN: 978-0470910184

6th Edition

Authors: Ken Black

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Question Posted: Mar 19, 2013 06:05 AM

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Shown here are the percentages of consumer loans with payments that are 30 days or more overdue

Question:

Year Bank Credit Card Home Equity Loan 2.51% 2.86 2.33 2.54 2.54 2.18 3.34 2.86 2.74 2.54 3.18 3.53 3.51 3.11 2.07% 1.95 1.66 1.77 1.51 1.47 1.75 1.73 1.48 1.51 1.25 1.44 1.38 1.30 10 12 13 14

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Bank Home Bank Home Credit Equity Cr Cd Eq Loan Card Loan Rank ...View the full answer

Business Statistics for Contemporary Decision Making

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