Big Rock Insurance Company did a study of per capita income and volume of insurance sales in eight Midwest cities. The volume of sales in each city was ranked, with 1 being the largest volume. The per...


Big Rock Insurance Company did a study of per capita income and volume of insurance sales in eight Midwest cities. The volume of sales in each city was ranked, with 1 being the largest volume. The per capita income was rounded to the nearest thousand dollars.


Using a 0.01 level of significance, test the claim that there is a monotone relation (either way) between rank of sales volume and rank of per capita income.


(a) Using a rank of 1 for the highest per capita income, make a table of ranks to be used for a Spearman rank correlation test.

(c) Compute the sample test statistic. (Use 3 decimal places.)






































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Rank of insurance sales volume
27638154

Per capita income in $1000
1813171912151416



Jun 05, 2022
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