The Spearman Coefficient of Rank Correlation Is a ________

question 58

Multiple Choice

The Spearman coefficient of rank correlation is a ________.

• A)measure of correlation used to determine whether several population means are equal
• B)measure of the association between sets of ranked data
• C)measure of correlation based on the sign of a difference between two related observations
• D)goodness-of-fit test used to test for normality

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Definitions:

Job-Order Costing System

A costing system that assigns costs to specific production jobs, useful for customized orders.

Predetermined Overhead Rate

is a rate used to allocate manufacturing overhead to products, calculated before the accounting period based on estimated costs.

Manufacturing Departments

Units within a manufacturing organization, each specializing in a different stage or aspect of the production process.

Machine-Hours

A measure of the amount of time a machine is operated, used as a basis for allocating manufacturing overhead costs in some costing systems.