A Spearman's Rank-Order Correlation Coefficient Is a Technique Used When

question 8

Multiple Choice

A Spearman's rank-order correlation coefficient is a technique used when determining the correlation between two _______ scaled variables.

• A) nominal
• B) interval
• C) ordinal
• D) ratio

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Definitions:

Ordinary Simple Interest

Interest calculated on the principal amount of a loan or investment based on a simple interest rate, without the compounding factor.

360-Day Year

An accounting approximation that treats all months as having 30 days, used in calculating interest with a simplified approach.

Ordinary Simple Interest

Interest calculated on the principal amount of a loan or deposit, based on a simple interest rate over a specified period.

360-Day Year

A simplified calculation method used in finance, assuming a year consists of 360 days for the purpose of interest calculation.