Interpret the spearman rank correlation coefficient

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Reference no: EM131798031

You are interested in whether the returns on Asset A are negatively correlated with the returns on Asset B. Consider the following annual return data on the two assets:

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a. Calculate and interpret the Spearman rank correlation coefficient rs.

b. Specify the competing hypotheses in order to determine whether the asset returns are negatively correlated.

c. At the 1 % significance level, specify the critical value.

d. What is the conclusion to the test? Are the returns negatively correlated?

Reference no: EM131798031

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