Statistics for Business and Economics (13th Edition)
13th Edition
ISBN: 9780134506593
Author: James T. McClave, P. George Benson, Terry Sincich
Publisher: PEARSON
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Textbook Question
Chapter 15.7, Problem 15.70ACB
Charisma of top-level leaders. Refer to the Academy of Management Journal (August 2015) study of the charisma of top business leaders, Exercise 11.28 (p. 633). Recall that researchers collected data on 24 U.S. presidential elections from 1916 to 2008. Two variables of interest were Democratic vote share (measured as the percentage of voters who voted for the Democratic candidate in the national election) and the difference between the Democratic and Republican candidates' charisma values (both measured on a 150-point scale). These data are reproduced in the accompanying table.
- a. Rank the Democratic vote share values.
- b. Rank the charisma difference values.
- c. Compute the differences in the ranks, part b.
- d. Use the results, part c, to find Spearman’s rank
correlation coefficient between Democratic vote share and charisma difference.
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Chapter 15 Solutions
Statistics for Business and Economics (13th Edition)
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