Question

Choose the correct statements about Spearman's rank coefficient.

A

Spearman's coefficient is the correlation coefficient for the ranks

B

Spearman's coefficient is less reliable than Karl Pearson's coefficient

C

Spearman's coefficient is easier to calculate than Karl Pearson's coefficient

D

Spearman's coefficient can be used for finding the correlation between qualitative variables

Solution

The correct options are A Spearman's coefficient is the correlation coefficient for the ranks B Spearman's coefficient is less reliable than Karl Pearson's coefficient C Spearman's coefficient is easier to calculate than Karl Pearson's coefficient D Spearman's coefficient can be used for finding the correlation between qualitative variables All of the mentioned statements are true.Economics

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