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The business department at a small college wanted to compare the relative class rank of its MBA…

The business department at a small college wanted to compare the relative class rank of its MBA graduates with their fifth-year salaries. The data collected by the department are presented in Table 7.14. Compare the graduates' class rank with their fifth-year salaries.

The business department at a small college wanted to compare the relative class rank of its MBA...

Use a two-tailed Spearman rank-order correlation with a = 0.05 to determine if a relationship exists between the two variables. Report your findings.