Page 1 - Home assignment-correlation analysis.
P. 1

SAI INTERNATIONAL SCHOOL


                                            Statistics for Economics


                                                       Class-XI


                                                  CHAPTER - 11

                                               Correlation analysis


                                                    (Module-66 )


               Computation of Rank Correlation


               When Ranks are equal and Repeated


                Repeated ranks

               When two or more items have equal values (i.e., a tie) it is difficult to give ranks to
               them. In such cases the items are given the average of the ranks they would have
               received. For example, if two individuals are placed in the 8  place, they are given
                                                                                    th
               the rank [8+9] / 2 = 8.5 each, which is common rank to be assigned and the next
               will be 10; and if three ranked equal at the 8th place, they are given the rank [8 + 9
               +10] /3  = 9 which is the common rank to be assigned to each; and the next rank

               will be 11.

               In this case, a different formula is used when there is more than one item having

               the same value.











                                                             th
               where m i is the number of repetitions of i  rank
               Example  Compute the  rank correlation coefficient  for the  following  data of the

               marks obtained by 8 students in the Commerce and Mathematics.
   1   2   3