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Find spearman rank correlation coefficient

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Reference no: EM131754881

Travel and Transportation Dynasty Travel offers cruises to the Caribbean and often discounts unsold tickets as the sailing date approaches. These last-minute deals were studied by comparing the price of an inside stateroom (x, in dollars) with the number of days before sailing (y). A random sample of last-minute cruise deals was obtained, and the data are given in the following table.

232_Find Spearman rank correlation coefficient.png

Find Spearman's rank correlation coefficient, and interpret this value. Do these data suggest that cruise prices are reduced at the last minute? Justify your answer

Reference no: EM131754881

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