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ID: 3438395 • Letter: T

Question

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Using the contingency table for the problems.

A) The total sale amounts for each entire marking period (start, end) is a population.

B)A= 0.05

c) µ= Mar Per (Start/End) Sales Total

1. Do a rank correlation, tell us how the realuts affect the sales prections

Ho: ps= 0

H1: ps 0

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Explanation / Answer

use EXCEL to calculate the corealtion value

It is important to realize that statistical significance does not indicate the strength of the Spearman rank-order correlation. In fact, the statistical significance testing of the Spearman correlation does not provide you with any information about the strength of the relationship. Thus, achieving a value of p = 0.001, for example, does not mean that the relationship is stronger than if you achieved a value of p = 0.04. This is because the significance test is investigating whether you can reject or fail to reject the null hypothesis. If you set = 0.05, achieving a statistically significant Spearman rank-order correlation means that you can be sure that there is less than a 5% chance that the strength of the relationship you found (your rho coefficient) happened by chance if the null hypothesis were true.