Use the Rank Correlation Coefficient to Test for a Correlation $\mathrm { r } _ { \mathrm { S } },$

question 66

Essay

Use the rank correlation coefficient to test for a correlation between the two variables.
-Given that the rank correlation coefficient, r $\mathrm { r } _ { \mathrm { S } },$ , for 33 pairs of data is 0.338, test the claim of
correlation between the two variables. Use a significance level of 0.01.

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Definitions:

Profit Center

A branch or division of a company that is responsible for its own revenues and expenses, and thus its own profitability.

Generates Revenues

The process of creating income for a business through various activities such as sales, services, and investments.

Cost Center

A department or segment within a business that does not directly generate revenue but incurs costs, used for performance evaluation and budgeting.

Revenue Center

A segment of a business responsible for generating revenue through its operations and sales activities.