Which of the Following Is NOT a Requirement for Spearman's

question 13

Multiple Choice

Which of the following is NOT a requirement for Spearman's rank-order correlation Coefficient?

• A)Both X and Y variables must be ranked or ordered.
• B)ordinal data
• C)random sampling
• D)All of the above are required.

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Definitions:

Supplies Cost

The expense incurred to purchase supplies needed for the operation of a business.

Cost Formula

An equation used to determine the total cost of production or service delivery, factoring in fixed and variable costs.

Flexible Budget

A financial plan that modifies itself in response to variations in volume or activity intensity.

Spending Variance

The difference between the actual amount spent and the budgeted or standard amount expected to be spent.