Shown here are the average annual central bank discount rates over a 14-year period for the Euro-area and the United States, according to the International Monetary Fund. Compute a Spearman’s rank correlation to determine the degree of association between these two variables. Year Euro Area United States 1999 4.00 5.50 2000 5.75 6.50 2001 4.25 1.75 2002 3.75 1.25 2003 3.00 1.00 2004 3.00 2.25 2005 3.25 4.25 2006 4.50 5.25 2007 5.00 4.25 2008 3.00 0.13 2009 1.75 0.13 2010 1.75 0.13