Write the Word or Phrase That Best Completes Each Statement $\alpha = 0.05$

question 49

Short Answer

Write the word or phrase that best completes each statement or answers the question.
-The history department at a college asked its professors and students to rank 8 guest speakers according to their communication skills. The data are listed below. A 10 is the highest ranking and a 1 the lowest ranking. Test the hypothesis of no correlation between the rankings. Use $\alpha = 0.05$ .
$\begin{array}{lcccccccc}\hline \text { Speaker } & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 \\\hline \text { Professors } & 2 & 3 & 6 & 10 & 8 & 1 & 5 & 4 \\\text { Students } & 4 & 3 & 1 & 4 & 5 & 7 & 9 & 6 \\\hline\end{array}$

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Definitions:

Perpetual Inventory System

This method for accounting inventory immediately notes down any purchase or sale through the use of computerized point-of-sale systems and enterprise asset management software.

FOB Shipping Point

A term indicating that the buyer assumes ownership and responsibility for goods at the seller's location, and pays for shipping costs.

FOB Destination

A shipping term indicating that the seller bears the cost and risk of transporting goods until they are delivered to the buyer's location.

Physical Inventory

The process of counting and verifying the actual stock in a business at a specific point in time.