A Researcher Wished to Compare the Automobile Colour Preferences of Men

question 32

Multiple Choice

A researcher wished to compare the automobile colour preferences of men and women.An experiment was performed recording the preferences of 10 men and 10 women.If the sum of squares of the ranking
Differences is equal to 8, what is the Spearman Rank Correlation Coefficient ?

• A)0.975
• B)0.952
• C)0.476
• D)0.905

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Definitions:

Income Statement

A financial statement that shows a company’s revenues and expenses over a specific period, culminating in the net income or loss for the period.

FIFO Inventory Method

An inventory valuation method where the cost of the items purchased first is the first to be recognized in determining cost of goods sold.

Earliest Inventory Purchase Costs

This refers to the cost associated with purchasing inventory items first in the order of acquisition, relevant in accounting methods like FIFO (First In, First Out).

Ending Inventory

The final value of goods available for sale at the end of an accounting period.