The following data are the ranks for values of the two variables, x and y. Compute a Spearman’s rank correlation to determine the degree of relation between the twovariables.
Answer to relevant QuestionsCompute a Spearman’s rank correlation for the followingdata.Use the runs test to determine whether the sample is random. Let alpha be.05.Manchester Partners International claims that 60% of the banking executives who lose their job stay in banking, whereas 40% leave banking. Suppose 40 people who have lost their job as banking executive are contacted and are ...A Gallup/Air Transport Association survey showed that in a recent year, 52% of all air trips were for pleasure/personal and 48% were for business. Suppose the organization randomly samples 30 air travelers and asks them to ...Examine the following Minitab output. Discuss the statistical test, its intent, and itsoutcome.
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