Perform rank correlation analysis on the following data set: x y -3 -0 -2.65 -1.3 -2.15...

Perform rank correlation analysis on the following data set:

x	y
-3	-0
-2.65	-1.3
-2.15	-1.5
-1.85	-1.5
-1.55	-1.7
-1.2	-1.3
-0.8	-0.5
-0.4	-0.9
-0.1	0
0.4	0.9
0.75	-0.3
1.1	1.4
1.6	1.4
1.95	0.3
2.4	1.3
2.7	-0.6
3	-0.9
3.55	0.4
4	0
4.5	-0.9

What is the rank correlation coefficient? (Round to three decimal places.)

What is the critical rho value at a 0.05 significance?

Do we have correlation?

Yes, the rank correlation coefficient is larger (in absolute value) than the critical rho value.
Yes, the rank correlation coefficient is smaller (in absolute value) than the critical rho value.
No, the rank correlation coefficient is larger (in absolute value) than the critical rho value.
No, the rank correlation coefficient is smaller (in absolute value) than the critical rho value.

Expert Solution

orchestra answered 3 years ago

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