Two Faculty Members (X and Y) Ranked Five Candidates for Scholarships

question 36

Essay

Two faculty members (X and Y) ranked five candidates for scholarships. The rankings are shown below.
Compute the Spearman rank-correlation and test it for significance. Let $\alpha$ = 0.05.

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Definitions:

Held To Maturity

A classification for investments in debt securities that the company has the positive intent and ability to hold until they mature.

Carrying Value

The book value of an asset or liability on a company's balance sheet, after accounting for depreciation, amortization, or impairment.

Held-To-Maturity

A classification for investment securities which the investor has the intent and ability to hold until they mature.

Market Value

The current quoted price at which an asset or service can be bought or sold in a marketplace.