What does it mean when we say that the rank correlation test has an efficiency rating of

Question:

What does it mean when we say that the rank correlation test has an efficiency rating of 0.91 when compared to the parametric test for linear correlation?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Elementary Statistics Using Excel

ISBN: 9780134506623

6th Edition

Authors: Mario F. Triola

See More Books

Question Posted: Oct 28, 2019 08:17 AM

See More Questions

What does it mean when we say that the confidence interval methods of this section are robust against departures from normality? Does the dotplot below appear to satisfy the requirement of this...
What does it mean when we say that the A test described in this section is not robust against departures from normality? Is the F test robust against sampling methods that do not produce simple...
Explain what we mean when we say that interaction exists between two factors.
State the date (or dates) on which corporation tax is due for payment in relation to the following periods of account: (a) the year to 31 March 2021 (b) the six months to 30 November 2020 (c) the 21...
Using Argyris' Organizational Value system and Immaturity-Maturity Theory, discuss business organizations with which class members are familiar. In what ways do these organizations support Argyris'...
What are the four steps involved in ethical decision-making?
Define the following: a. Asset b. Liability c. Net asset
Nonmonetary Exchange Montgomery Company purchased an electric wax melter on April 30, 2011, by trading in its old gas model and paying the balance in cash. The following data relate to the purchase....
(1 point) A local polka band wants to make and sell CDs of its songs. Suppose it costs $ 1000 to record, S 450 to edit, and S 350 for album artwork, and suppose each CD that is manufactured will cost...
A bombing plane flies directly above a railroad track. Assume that if a large (small) bomb falls within 40(15) feet of the track, the track will be sufficiently damaged so that the traffic will be...
Repeat Exercise 9 ?Heights of Mothers and Daughters? using all of the heights of mothers and daughters listed in Data Set 5 ?Family Heights? in Appendix B. Exercise 9 Data set 5 Height of Mother 68.5...
After ranking the combined list of professor evaluations given in Exercise 1, find the sum of the ranks for the female professors. Exercise 1 Female 3.9 3.4 3.8 3.4 4.9 4.1 3.2 4.2 3.9 4.9 4.7 4.4...
What is the magnitude of the die pressure at the die exit for a drawing operation that is being carried out at the maximum reduction per pass?
How are computers useful in processing the accounting data?
Discuss the different types of update operations in relation to the integrity constraints which must be satisfied in a relational database model.
What are adjusting entries? Why are they necessary for preparing final accounts?
Find out the amount of bills matured during the year on the basis of information given below ; Bills payable dishonoured Closing balance of Bills payable Opening balance of Bills payable Bills...
An accounting report is essential a report which must be able to fulfil certain basic criteria Explain? List the various types of accounting reports.
On October 1, Morris Co. issued 15, $3,000, 7%, 10-year bonds at 95. Record the journal entry.
How has the too-big-to-fail policy been limited in the FDICIA legislation? How might limiting the too-big-to-fail policy help reduce the risk of a future banking crisis?
Descriptive Statistics Include appropriate units in all answers. a. Find the mean for each of the three groups. b. Find the standard deviation for each of the three groups. c. Find the variance for...
Treating the data as samples from larger populations, test the claim that there is a difference between the mean for presidents and the mean for British monarchs. Presidents 10 29 26 28 15 23 17 25 0...
Use the longevity times for presidents and determine whether they appear to come from a population having a normal distribution. Explain why the distribution does or does not appear to be normal....
If f(x) = x-9 and g(x) = x + 3x, complete parts (a) (f+g)(x)= 2x+3x-9 (Simplify your answer. Do not factor.) (b) (f-g)(x)=-9-3x (Simplify your answer. Do not factor.) 3 (c) (f-g) (Simplify your...
Add as indicated. Write all answers in lowest terms. 3 - + 2 X X-7 3X 2 = X-7 (Simplify your answer.)
Your portfolio which consists of 46% of stock J, and 54% of stock K. J has daily Standard Deviation 3% while K has daily Standard Deviation 4%. The correlation of two stocks is -0.6. What is the 1...

What does it mean when we say that the rank correlation test has an efficiency rating of

Question:

Step by Step Answer:

The efficiency rating of 091 indicates that with all other facto...View the full answer

Elementary Statistics Using Excel

Students also viewed these Mathematics questions