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Question

Choose the correct statements about Spearman's rank coefficient.



A

Spearman's coefficient is the correlation coefficient for the ranks

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B

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

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C

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

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D

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

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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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