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An International Economist Believes That There Is a Significant Relationship

question 64

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An international economist believes that there is a significant relationship between the amount of debt and the rate of unemployment. He randomly selected six countries to determine if there is a significant relationship between debt and unemployment rate. In the following table, debt figures for the six countries are given in billions of dollars and the corresponding unemployment rate is given in percentages. He also discovered that both the distribution of debt and the distribution of unemployment rate were highly skewed. Use Spearman's rank correlation and determine if there is a significant correlation between debt and unemployment rate at alpha .05. Show the rank correlation. An international economist believes that there is a significant relationship between the amount of debt and the rate of unemployment. He randomly selected six countries to determine if there is a significant relationship between debt and unemployment rate. In the following table, debt figures for the six countries are given in billions of dollars and the corresponding unemployment rate is given in percentages. He also discovered that both the distribution of debt and the distribution of unemployment rate were highly skewed. Use Spearman's rank correlation and determine if there is a significant correlation between debt and unemployment rate at alpha .05. Show the rank correlation.   A)  r<sub>s</sub> = .914, reject the null hypothesis. B)  r<sub>s</sub> = .886, do not reject the null hypothesis. C)  r<sub>s</sub> = .886, reject the null hypothesis. D)  r<sub>s</sub> = .914, do not reject the null hypothesis.


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An idea, thought, or concept that arises from philosophical inquiry, related to the fundamental nature of knowledge, reality, or existence.

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The capacity to make choices and act based on one's own volition, without undue influence from external constraints or psychological limitations.

Phenomenological Method

A research approach in psychology that focuses on studying subjective, personal experiences to understand how individuals perceive and interpret their world.

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The foundational elements that contribute to a person's perceptions, emotions, and consciousness.

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