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Use the rank correlation coefficient to test for a correlation between the two variables. A
placement test is required for students desiring to take a finite mathematics course at a
university. The instructor of the course studies the relationship between students' placement
test score and final course score. A random sample of eight students yields the following data. Compute the rank correlation coefficient, rs, of the data and test the claim of correlation
between placement score and final course score. Use a significance level of 0.05.
Quintiles
Statistical values that divide a set of data into five equal parts, so that each part represents 1/5th of the sampled population.
Percentage Shares
Represent the portions or fractions, expressed as a percentage, of a whole divided among entities or allocated for specific purposes.
Poverty Line
A calculated income level used as a threshold to determine the minimum amount of income a family or individual needs to afford basic living expenses.
Poverty Rate
The percentage of the population that lives below the poverty line, indicating the level of economic deprivation in a community.
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