Examine the direction and the strength of the agreement

Reference no: EM131408966

Two investment counselors have evaluated the 15 major companies in an industry according to their potential as a "safe investment." Both counselors agree that company C is the best firm in which to invest. These and the remaining ranks are shown in the table.

Use the Spearman coefficient of rank correlation in examining the direction and the strength of the agreement between the two counselors. At the 0.05 level, does rs differ significantly from 0?

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Reference no: EM131408966

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