Lesson: Spearman’s Rank Correlation Coefficient Mathematics
In this lesson, we will learn how to find Spearman’s rank correlation coefficient.
The data shows the relation between a company’s production and its employees’ salaries in 5 years.
Find the Spearman’s correlation coefficient between production and salaries.
Find the Spearman’s correlation coefficient between sales and advertising from the given data.
What type of data is Spearman’s rank correlation coefficient appropriate for?