Find the Critical Value $\mathrm { r } _ { \mathrm { S } }$

question 59

Essay

Find the critical value. Assume that the test is two-tailed and that n denotes the number of pairs of data.
-Given that the rank correlation coefficient, r $\mathrm { r } _ { \mathrm { S } }$ for 15 pairs of data is -0.359, test the claim of correlation between
the two variables. Use a significance level of 0.01.

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Definitions:

Consolidated Financial Report

A comprehensive financial statement that combines the financial information of a parent company with that of its subsidiaries, presenting it as a single economic entity.

Exercise Control

The ability of an entity (like a parent company) to govern the financial and operating policies of another entity (like a subsidiary) to benefit from its activities.

Voting Shares

Shares in a company that give the shareholders the right to vote on company matters, such as electing the board of directors.

Non-controlling Shareholders

Shareholders who own shares in a company but do not have sufficient voting power to influence the company's policies or decisions.