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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.
Coefficient of Correlation Denoted There are two methods which measure the degree of correlation among two variables these are denoted by R and r. (a) Coefficient of correl
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