When the Data Are in the Form of Ranks We

question 66

Multiple Choice

When the data are in the form of ranks we

• A) need a special formula that Spearman derived.
• B) can just apply the standard formula to the ranks.
• C) need to convert the ranks to raw scores before computing the correlation.
• D) cannot do anything with the data.

---

Definitions:

Market Research

The action or activity of gathering information about consumers' needs and preferences to support business decisions.

Prime Vacant Land

Land in a highly coveted location that is undeveloped and offers great potential for investment, construction, or development due to its desirable characteristics.

Enforceable Contract

A legal agreement between parties that is valid under the law and therefore can be upheld in a court of law.

Legal Consideration

Legal consideration involves something of value that is exchanged between parties in a contract, making the agreement legally enforceable.