Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

CIMAPRA17-BA1-1 Exam - Topic 1 Question 61 Discussion

A national study ranks the reputation of the top four internet companies and the likelihood of investors buying their shares on the follow the highest ranking and four the lowest.Calculate the Spearman's rank correlation coefficient between reputation and probable purchase
A) -0.6
B) -0.7
C) -0.8
D) -0.9

CIMAPRA17-BA1-1 Exam - Topic 1 Question 61 Discussion

Actual exam question for CIMA's CIMAPRA17-BA1-1 exam
Question #: 61
Topic #: 1
[All CIMAPRA17-BA1-1 Questions]

A national study ranks the reputation of the top four internet companies and the likelihood of investors buying their shares on the follow the highest ranking and four the lowest.

Calculate the Spearman's rank correlation coefficient between reputation and probable purchase

Show Suggested Answer Hide Answer
Suggested Answer: A

by Reena at Nov 18, 2022, 03:19 PM

Limited Time Offer

25%

Off

Get Premium CIMAPRA17-BA1-1 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Renea
10 months ago
Reputation usually affects buying decisions, so -0.7 makes sense.
upvoted 0 times
...
Alayna
10 months ago
Wait, are we sure about these rankings? Seems off.
upvoted 0 times
...
Bea
10 months ago
Wow, -0.9 would be a huge correlation!
upvoted 0 times
...
Thaddeus
11 months ago
I disagree, I feel like it could be closer to -0.6.
upvoted 0 times
...
Stevie
11 months ago
I think it's definitely around -0.8 based on the data.
upvoted 0 times
...
Emerson
11 months ago
I’m a bit confused about how to interpret the rankings. Did we cover how to handle ties in Spearman's calculations?
upvoted 0 times
...
James
11 months ago
I feel like -0.9 could be the answer since a strong negative correlation seems likely given the context, but I need to double-check my calculations.
upvoted 0 times
...
Isreal
11 months ago
I think we did a similar question in class where we calculated correlation coefficients. I might lean towards -0.8, but I’m not entirely confident.
upvoted 0 times
...
Johnathon
11 months ago
I remember practicing Spearman's rank correlation, but I'm not sure how to apply it to this specific scenario.
upvoted 0 times
...
Daniel
11 months ago
Okay, so the question is asking why desirability is the starting point for a successful idea. I'm guessing the answer has to do with focusing on the customer's needs and wants, rather than just building something and hoping people will want it.
upvoted 0 times
...
Amie
11 months ago
I think the key here is to keep the housekeeping team satisfied, since they'll be the ones wearing the uniforms. They have a high interest in this, so we need to make sure they're happy with the final product.
upvoted 0 times
...
Bev
11 months ago
I think I remember that most shell company schemes do indeed focus on goods, but I'm not completely sure if that's always the case.
upvoted 0 times
...

Save Cancel