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Spearman's Coefficient of Rank Correlation

Far West University offers both day and evening classes in business administration. One question in a survey of the students inquires how they perceive the prestige associated with certain careers. Each student was asked to rank the careers from 1 to 8, with 1 having the most prestige and 8 the least prestige. the results were as follows:

Career Ranking Ranking
by Day by Evening
Students Students
Accountant 6 3
Computer Programmer 7 2
Branch Bank Manager 2 6
Hospital Administrator 5 4
Statistician 1 7
Marketing Researcher 4 8
Stock Ananlyst 3 5
Production Manager 8 1

Find Spearman's Coefficient of Rank Correlation.

Solution Preview

Far West University offers both day and evening classes in business administration. One question in a survey of the students inquires how they perceive the prestige associated with certain careers. Each student was asked to rank the careers from 1 to 8, with 1 having the most ...

Solution Summary

This explains the steps to compute the Spearman's Coefficient of Rank Correlation in an attached Excel file.

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