# Answer to Question #82911 in Other Other for Abdul

Question #82911

Given the data in the table below;

Home values 85 147 340 94 120 105 135 162 480 88

Debt data 12 27 45 10 17 4 20 25 35 14

(i) Use the spearman rank correlation to determine the value of rs and state the relationship between the two variables.

(ii) Develop a test of hypothesis that uses the ranks correlation rs in i) above as the test statistics

iii) Determine whether the derived value of rs in i) above is large enough to support the conclusion made in i)

Home values 85 147 340 94 120 105 135 162 480 88

Debt data 12 27 45 10 17 4 20 25 35 14

(i) Use the spearman rank correlation to determine the value of rs and state the relationship between the two variables.

(ii) Develop a test of hypothesis that uses the ranks correlation rs in i) above as the test statistics

iii) Determine whether the derived value of rs in i) above is large enough to support the conclusion made in i)

Expert's answer

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