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

question 74

Essay

Use the rank correlation coefficient to test for a correlation between the two variables. Given that the rank
correlation coefficient, $r _ { \mathrm { S } }$ for 37 pairs of data is 0.324, test the claim of correlation between the two variables.
Use a significance level of 0.01.

---

Definitions:

Prospecting Process

The method of identifying potential customers or sales leads, typically involving research, outreach, and qualification steps.

"MAD" Questions

Questions designed to Make A Difference, often aiming to deeply understand customer needs and expectations.

Prospecting

The process of identifying potential customers or clients for your business.

Potential Customers

Individuals or organizations that might consider purchasing goods or services, showing possible interest but not yet committed.