An international economist believes that there is a significant relationship between the amount of debt and the rate of unemployment.He randomly selected six countries to determine if there is a significant relationship between debt and unemployment rate.In the following table,debt figures for the 6 countries are given in billions of dollars and the corresponding unemployment rate is given in percentages.He also discovered that both the distribution of debt and the distribution of unemployment rate were highly skewed.Use Spearman's rank correlation and determine if there is a significant correlation between debt and unemployment rate.Show the rank correlation. A)r_s = .914,reject the null hypothesis B)r_s = .886,fail to reject the null hypothesis C)r_s = .886,reject the null hypothesis D)r_s = .914,fail to reject the null hypothesis

Question

Quizplus · Accepted Answer

Reject H₀.There appears to be significant positive relationship between the amount of debt and the unemployment rate.r_.025,6 = .886 .9143 > .886,therefore we reject H₀.There appears to be significant positive relationship between the amount of debt and the unemployment rate.

An International Economist Believes That There Is a Significant Relationship