Question
Easy
For which of the following situation the 'Rank-correlation coefficient' is most suitable ?
1
Obtained marks of students
2
Beauty contest
3
Length
4
Weight
Question Details
Time to Solve: 12
Exam: HTET
Level/Paper: Level 3
Chapter: Statistics for Economics
Topic: Correlation
Correct Answer
Option B
Explanation
The correct option is 2: The Rank-correlation coefficient, most famously attributed to Spearman's Rank Correlation, is a statistical measure designed to assess the relationship between two variables when the data is qualitative or ordinal, meaning it can only be arranged in order (ranked), but cannot be measured precisely on an interval or ratio scale. A Beauty contest is the classic example where this method is most suitable because the judges…Read More
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