Use the Rank Correlation Coefficient to Test for a Correlation $r _ { s }$

question 43

Essay

Use the rank correlation coefficient to test for a correlation between the two variables. Given that the rank correlation coefficient, $r _ { s }$ for 37 pairs of data is 0.324 , test the claim of correlation between the two variables. Use a significance level of 0.01 .

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Definitions:

European Nations

Countries located on the continent of Europe, each with its distinct government, culture, and history.

French Trading

The act or process of buying, selling, or exchanging commodities, at either wholesale or retail, within France or between France and other countries.

Indians

Indigenous peoples of the Americas or people from the country of India, context-dependent.

African Slaves

Individuals from Africa who were forcibly brought to other parts of the world, particularly the Americas, and subjected to forced labor and servitude from the 16th to the 19th century.