The efficiency of the rank correlation test is 0.91, which indicates that with all other factors being
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The efficiency of the rank correlation test is 0.91, which indicates that with all other factors being the same, rank correlation requires 100 pairs of sample observations to achieve the same results as 91 pairs of observations with the parametric test using linear correlation, assuming that the stricter requirements for using linear correlation are met. Does it appear that the rank correlation test is substantially inferior to the linear correlation test?
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