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The Pearson and the Spearman Correlations Are Both Computed for the Same

question 50

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The Pearson and the Spearman correlations are both computed for the same set of data.If the Spearman correlation is rS = +1.00,what can you conclude about the Pearson correlation?


Definitions:

Donee Beneficiary

A third party who benefits from a contract between two other parties, where the intent is to gift the benefit to the third party.

Third-Party

An entity that is involved in a transaction or legal matter indirectly, separate from the two principal parties directly involved.

Promise

An assurance given by one party to another agreeing to do or not do something in the future.

Insolvent

Refers to the condition of an individual or entity that cannot pay its debts when they are due.

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