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Rank Correlation Coefficient
Also identified as the spearman rank correlation coefficient, its reasons is to establish whether there is any form of association among two variables where the variables arranged in a ranked form.
R = 1 - {(6∑d2)/(n(n2 -1))}
Whereas d = difference among the pairs of ranked values.
n = numbers of pairs of rankings.
1) At a midway game at the state fair, the probability of winning an individual game is advertised to be 30% ( p = . 3). Suppose 50 people played the game (assume all 50 outcomes
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When I complete each of the three methods, should I get the same x and y values?
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