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Sarah is the office manager for a group of financial advisors who provide financial services for individual clients. She would like to investigate whether a
Sarah is the office manager for a group of financial advisors who provide financial services for individual clients. She would like to investigate whether a relationship exists between the number of presentations made to prospective clients in a month and the number of new clients per month. The following table shows the number of presentations and corresponding new clients for a random sample of six employees.
a. Calculate the sample correlation coefficient.
b. Test whether the correlation coefficient is significant at 5%.
d. Calculate the Spearman correlation coefficient.
e. Using , determine if the rank correlation is significant.
a. Calculate the sample correlation coefficient.
b. Test whether the correlation coefficient is significant at 5%.
d. Calculate the Spearman correlation coefficient.
e. Using , determine if the rank correlation is significant.
Employee 1 2 3450 6 Presentations 7 9 9 10 11 14 New Clients 2 3 4 65 5 4
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Step: 1
a To calculate the sample correlation coefficient we will use the following formula r nXY XY sqrtnX XnY Y Where n is the number of ...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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