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A national study conducted by a market research firm, evaluated the top technology companies and their repu Itation and how the con ants who said
A national study conducted by a market research firm, evaluated the top technology companies and their repu Itation and how the con ants who said they would purchase the com onable to expect that a company with a higher reputation would have the more desirable stock to purchase. Company Reputation Stock Purchase Company A Company B 2 4 Company C 3 Company D 4 2 Company E 5 9 Company F 5 Company G 7 10 Company H 7 Company 1 9 Company ] 10 8 (a) Compute the rank correlation between reputation and stock purchase. (Round your answer to three decimal places.) (b) Test for a significant positive rank correlation. State the null and alternative hypotheses. OH : -0 OHyip, 20 OH-0 Find the value of the test statistic. (Round your answer to two decimal places.) What is the p-value? (Round your answer to four decimal places.) o-value - (c) At a - 0.05, what is your candusion? O Do not reject He. There is sufficient evidence to conclude ha company's reputation and having stock that is desirable to purchase. O Reject Hy. There is not sufficient evidence to condude that there I: it positive rank correlation between a company's reputation and having stock that is desirable to purchase. O Do not reject H. There Is not sufficient evid In a company's reputation and having stock that is desirable to purchase. O Reject H. There is sufficient evidence to condude that there is a significant positive rank correlation between a company's reputation and having stock that is desirable to purchase
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