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Costco sells paperback books in their retail stores and wanted to examine the relationship between ...

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Costco sells paperback books in their retail stores and wanted to examine the relationship between ...

Costco sells paperback books in their retail stores and wanted to examine the relationship between price and demand. The price of a particular novel was adjusted each week and the weekly sales were recorded in the table below.

Management would like to test if the population Spearman rank-order correlation coefficient is less than zero. The critical value for this test using α = 0.05 is __________.

▸ 0.600

▸ 0.643

▸ 0.829

▸ 0.893

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Business Statistics

Edition: 2^nd

Author: Donnelly

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