Suppose we have the following values on the number of customers (X) and the average profits...

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  1. Suppose we have the following values on the number of customers(X) and the average profits (Y) for fifteen stores:

Store                  Customers(X)           Average Profits (Y)

A                             161                            157

B                             99                            93

C                             135                            136

D                             120                            123

E                              164                            153

F                              221                            241

G                             179                            201

H                             204                            206

I                               214                            229

J                              101                            135

K                             231                            224

L                              206                            195

M                             248                            242

N                             107                            115

O                             205                            197

Use the Spearman’s Rank Correlation test at the 0.05 level tosee if X and Y are significantly related.

Answer & Explanation Solved by verified expert
4.0 Ratings (721 Votes)
SolutionThe calculations for the spearsman rank correlation is given inthe below tableStoreCustomersXRankXAverage profitYRankYdi Rx    See Answer
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