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What is Spearman's Rank Correlation coefficient useful for?
  • a)
    Calculating the standard deviation.
  • b)
    Determining the mean of a dataset.
  • c)
    Analyzing the correlation of qualitative variables.
  • d)
    Finding the mode of a dataset.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What is Spearman's Rank Correlation coefficient useful for?a)Calculati...
Spearman's Rank Correlation coefficient is useful for analyzing the correlation between variables that may not have a clear or objective measurement, especially when dealing with qualitative variables. It helps assess the strength and direction of the relationship between variables that can be ranked but may not have a numerical value.
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What is Spearman's Rank Correlation coefficient useful for?a)Calculating the standard deviation.b)Determining the mean of a dataset.c)Analyzing the correlation of qualitative variables.d)Finding the mode of a dataset.Correct answer is option 'C'. Can you explain this answer?
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