You are curious if financial stability and life satisfaction are related. To test this you survey 12 people and measure their financial stability (0 to 100, higher scores mean more stable) and their score on a standard life satisfaction measure (0 to 50, higher scores indicated a higher level of life satisfaction). The data is as follows:
|
person |
Financial Stability |
Life Satisfaction |
|
|
|
|
|
1 |
75 |
42 |
|
|
|
|
|
2 |
50 |
23 |
|
|
|
|
|
3 |
27 |
45 |
|
|
|
|
|
4 |
60 |
34 |
|
|
|
|
|
5 |
5 |
33 |
|
|
|
|
|
6 |
22 |
11 |
|
|
|
|
|
7 |
6 |
16 |
|
|
|
|
|
8 |
71 |
38 |
|
|
|
|
|
9 |
2 |
23 |
|
|
|
|
|
10 |
9 |
18 |
|
|
|
|
|
11 |
32 |
44 |
|
|
|
|
|
12 |
40 |
21 |
|
|
|
|
|
|
|
|
|
|
|
|
d. If you were to consider the Life Satisfaction scores to be ordinal what correlation would you calculate?
e. What is the value of the correlation you would report?