Two Groups of Students Were Asked to Rank the Activities $\alpha$

question 7

Essay

Two groups of students were asked to rank the activities sponsored by the Student Government Association on campus. The following show their rankings. Determine the Spearman rank-correlation coefficient and test for a significant correlation with $\alpha$ = 0.05.

---

Definitions:

Merchandise Purchases

Transactions involving the buying of goods for resale by a retailer, wholesaler, distributor, or similar entity.

Merchandise Inventory

Goods that a company holds for the purpose of resale in the ordinary course of business, often considered as current assets on the balance sheet.

Cost of Goods Sold

Expenses directly arising from the production of goods a company offers for sale, involving labor and materials.

Direct Costs

Costs that can be traced directly to the production of specific goods or services, such as raw materials and labor.