What Is the Spearman Rank Correlation Coefficient for the Following

question 15

Multiple Choice

What is the Spearman rank correlation coefficient for the following set of data?

• A)-0.20
• B)1.00
• C)0.20
• D)0.80
• E)-1.20

---

Definitions:

Deposits In Transit

Funds that have been deposited by a company but not yet recorded by its bank, leading to discrepancies in bank reconciliation.

Outstanding Checks

Checks that have been written and recorded in the payer’s ledger but have not yet been cashed or cleared by the bank.

General Ledger

A comprehensive accounting record of all transactions affecting a company, consolidated into debit and credit accounts.

Bank Statement

A monthly or quarterly document provided by a bank detailing all transactions in an account, including deposits, withdrawals, fees, and interest earned.