Spearman’s Rank Correlation

QTB – May 2015 – L1 – SA – Q10 – Statistics

Calculating Spearman’s rank correlation between price and age of cars.

Question

The following values are computed from a set of bivariate data relating the price and age of 12 selected cars from a car dealer shop as where $d_{i}$ is the difference between ranks of price and age of cars. The computed Spearman’s rank correlation coefficient between the price and age of the car is:

A. -0.4545
B. -0.3535
C. 0.0000
D. 0.3535
E. 0.4545

Answer

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Tags: Bivariate Data, Correlation, Spearman’s Rank Correlation
Level: Level 1

Topic: Statistics
Series: MAY 2015

Question Tag: Spearman’s Rank Correlation

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QTB – May 2015 – L1 – SA – Q10 – Statistics

Calculating Spearman’s rank correlation between price and age of cars.

QTB – May 2015 – L1 – SA – Q10 – Statistics

Calculating Spearman’s rank correlation between price and age of cars.

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Question Tag: Spearman’s Rank Correlation

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QTB – May 2015 – L1 – SA – Q10 – Statistics

Calculating Spearman’s rank correlation between price and age of cars.

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QTB – May 2015 – L1 – SA – Q10 – Statistics

Calculating Spearman’s rank correlation between price and age of cars.

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