Use the Sample Data Below to Find the Rank Correlation

question 50

Essay

Use the sample data below to find the rank correlation coefficient and test the claim of no correlation between math and verbal scores. Use a significance level of 0.05. $$\begin{array} { l l l l l l l l l l l } \text { Mathematics }&347 & 440 & 327 & 456 & 427 & 349 & 377 & 398 & 425 \\\hline \text { Verbal } & 285 & 378 & 243 & 371 & 340 & 271 & 294 & 322 & 385\end{array}$$

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Definitions:

IFRS

International Financial Reporting Standards, which are a set of accounting standards developed by the International Accounting Standards Board (IASB).

U.S. GAAP

United States Generally Accepted Accounting Principles, the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC) for financial reporting.

Common-Law Countries

Nations that operate under a legal system founded on case law and precedents rather than on codified laws; common examples include the United Kingdom, the United States, and Australia.

IFRS

International Financial Reporting Standards, a set of global accounting standards for financial reporting.