Two judges in a beauty contest rank the 12 entries as follows
12 Y 12 9 6 10 3 5 4 7 8 2 11 1
Calculate the rank correlation coefficient between X and Y.
The enteries by two judges are:-
Here "N=12" ,
Rank correlation coefficient ="1-\\dfrac{6\\times \\sum D^2}{N^3-N}"
="1-\\dfrac{6\\times 416}{(12)^3-12}"
="1-\\dfrac{6\\times 416}{1728-12}"
=1-"\\dfrac{6\\times 416}{1716}"
="1-\\dfrac{416}{280}=1-1.45=-0.45"
Hence Rank correlation coefficient is "-0.45."
Comments
Leave a comment