MCQs>Engineering & Manufacturing>Data Analytics>While calculating rank correlation coefficient between sales and expenditure for a time period of12 years. the difference in rank for a year was mistakenly taken as 9 instead of 7 and as a result, the value Of rank correlation coefficient was calculated as 0.79. If the mistake is rectified, then what will be the approximate correct value of rank correlation coefficient?
Data Analytics MCQs
While calculating rank correlation coefficient between sales and expenditure for a time period of12 years. the difference in rank for a year was mistakenly taken as 9 instead of 7 and as a result, the value Of rank correlation coefficient was calculated as 0.79. If the mistake is rectified, then what will be the approximate correct value of rank correlation coefficient?
Answer
Correct Answer: 0.90
Explanation:
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