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Consider the Data Set Shown xy151183174226244306\begin{array}{|rr|}\hline \underline{x} & \underline{y} \\15 & 1 \\18 & 3 \\17 & 4 \\22 & 6 \\24 & 4 \\30 & 6\\\hline\end{array}

question 20

Essay

Consider the data set shown. Convert these values into ranks and conduct a Spearman's rank correlation analysis.

xy151183174226244306\begin{array}{|rr|}\hline \underline{x} & \underline{y} \\15 & 1 \\18 & 3 \\17 & 4 \\22 & 6 \\24 & 4 \\30 & 6\\\hline\end{array} (a) Calculate the Spearman's rank correlation coefficient and standard error.
(b) Calculate the t-value for the Spearman's rank correlation coefficient.
(c) Using your results from (a) and (b), make a statement about the significance of the association between the X and Y values.


Definitions:

Lessee

A person or entity that leases or rents property from another; the counterpart to the lessor.

Landlord

The person or people that own a rented house or apartment.

Tenant

A person who rents a house or apartment.

Gross Income

The total income earned before any deductions or taxes are subtracted.

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