MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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As an economics class project, Debbie studied a random sample of 14 stocks. For each of these stocks, she found the cost per share (in dollars) and ranked each of the stocks according to cost. After 3 months, she found the earnings per share for each stock (in dollars). Again, Debbie ranked each of the stocks according to earnings. The way Debbie ranked, higher ranks mean higher cost and higher earnings. The results follow, where x is the rank in cost and y is the rank in earnings.

Stock 1 2 3 4 5 6 7 8 9 10 11 12 13 14
x rank 4 12 5 7 8 11 9 13 10 6 2 3 14 1
y rank 9 7 11 14 6 10 12 5 4 3 2 1 13 8

Using a 0.01 level of significance, test the claim that there is a monotone relation, either way, between the ranks of cost and earnings.

(a) What is the level of significance?
(b) Compute the sample test statistic. (Use 3 decimal places.)
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