Question: Can you solve this question please , it is urgent QUESTION 1 (5 Marks) a) A company is to replace its fleet of cars. Eight

Can you solve this question please , it is urgent

QUESTION 1 (5 Marks) a) A company is to replace its fleet of cars. Eight possible models are considered and the transport manager is asked to rank them, from 1 to 8. The current market price of the car is also recorded. Model Transport manager's Price (RM) ranking S 5 49000 70000 56000 73000 52000 57300 68300 w 65000 i) Calculate the coefficient correlation, / using spearman rank correlation. (3marks) ii) Does the value of / suggest any relationship between the rank given by the transport manager and the market price value. (2 marks)

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