The Type of Correlation Coefficient Used to Find the Association

question 98

Multiple Choice

The type of correlation coefficient used to find the association between two sets of ranks is called

• A)Spearman's rho.
• B)the point biserial correlation.
• C)the phi coefficient.
• D)factor loading.

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Definitions:

PHStat

An Excel add-in designed to perform statistical analysis, it provides tools for statistical tests, data analysis, and graphical presentations.

Coefficient of Variation

A standardized measure of dispersion of a probability distribution or frequency distribution, calculated as the ratio of the standard deviation to the mean.

PHStat

An Excel add-in that enhances the statistical capabilities of Microsoft Excel, providing tools for statistical analysis and decision-making.

Return to Risk Ratio

A measure that compares the expected returns of an investment to the risk or volatility associated with it.