Question: I have a hypothesis question using Spearman's rho: Using R can you first add the LifeCycleSavings data set, > library(ISLR); > attach(LifeCycleSavings) 1. Please help

I have a hypothesis question using Spearman's rho:

Using R can you first add the LifeCycleSavings data set,

> library(ISLR); > attach(LifeCycleSavings)

1. Please help me understand in dataset LifeCycleSavings how to test the null hypothesis that the Spearman's rank correlation (rho) between sr and ddpi is zero.

  • A) I need to understand what is the estimated value of rho?
  • B) How can I get p-value for the null hypothesis that the true value of rho is zero?

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