The following table shows a portion of the annual returns (in percent) for two of Fidelity's mutual

Question:

The following table shows a portion of the annual returns (in percent) for two of Fidelity's mutual funds: the Fidelity Advisor's Electronic Fund and the Fidelity Advisor's Utilities Fund.

Year........................ Electronics..................... Utilities

2001................................ 47.41..................... -15.28

2002............................... 20.74..................... -29.48

⋮........................................ ⋮..............................⋮

2010.................................16.84........................11.08

a. Calculate and interpret the Spearman rank correlation coefficient rS.

b. Specify the competing hypotheses to determine whether the Spearman rank correlation coefficient differs from zero.

c. At the 5% significance level, specify the critical value and the decision rule. Assume that the sampling distribution of rS is approximately normal.

d. What is the conclusion to the test? Are the returns correlated?

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...