Men and Women Were Randomly Selected to Rate Eight Television

question 31

Essay

Men and women were randomly selected to rate eight television programs on a scale of 1 to 50 with 50 being the best score. The average ratings are shown in the table below. Use the Spearman rank correlation coefficient at α = 0.05 to determine if there is a correlation between the rankings of men and women.

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Definitions:

Economic Rent

Payment to a factor of production in excess of what is needed to keep that factor in its current use.

Production Cost

The total expense of producing a good or service, including labor, materials, and overhead costs.

Land Rent

The payment made for the use of land, which is determined by its location, fertility, and other factors influencing its productive capacity.

Acres

A unit of land area used in the United States and some other countries, equivalent to 43,560 square feet.