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What does it mean when you have a Spearmans Rank Correlation Coefficient of 0.8?

April 26, 2017coefficient correlation Mathematics mean rank

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What does it mean when you have a Spearmans Rank Correlation Coefficient of 0.8?

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Spearmans Rank Correlation Coefficient lies between -1 and 1. 1 indicates a perfect positive correlation while -1 indicates a perfect negative correlation.. A Correlation Coefficient of 0.8 is close to 1 and may be considered strong positive correlation.