Question: Critical Thinking Suppose that a data set has a Pearson correlation coefficient of 0.8. If you were to run a Spearman rank correlation coefficient on
Critical Thinking Suppose that a data set has a Pearson correlation coefficient of 0.8. If you were to run a Spearman rank correlation coefficient on the same data, would the result be monotone increasing, monotone decreasing, or nonmonotone? Explain.
For Problems 5–13, please provide the following information.
(a) What is the level of significance? State the null and alternate hypotheses.
(b) Compute the sample test statistic.
(c) Find or estimate the P-value of the sample test statistic.
(d) Conclude the test.
(e) Interpret the conclusion in the context of the application.
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