Over a period of a few months, is there a strong correlation between the value of the
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Over a period of a few months, is there a strong correlation between the value of the British pound and the UK Government Bond Yield? Th e following data represent a sample of these quantities over a period of time. Compute a Spearman’s rank correlation to determine the strength of the relationship between the government bond yield rates and the value of the pound: British Pound Value (US$ per Pound) Government Bond Yield (%) British Pound Value (US$ per Pound) Government Bond Yield (%) 1.592 1.78 1.609 2.56 1.553 2.00 1.666 2.59 1.566 2.32 1.650 2.28 1.589 2.51 1.601 2.09 1.623 2.74
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