Answer
Rs $\lt$ R critical , so the test statistics doesn't fall within the critical region, so we fail to reject the null hypothesis.
There is not sufficient evidence to support a claim of a correlation between quality and price.
Work Step by Step
1) Search the difference between the Quality Rank and Price Rank
2 , 0 , 0 , 3,5 , 4 , 2 , 0,5 ,2 double each difference and sum it all
2) 4 + 0 + 0 +12,25 + 16 + 4 + 0,25 + 4 = 40,5
3) Then use Spearman Formula
Rs = 1 - $ \frac{1-6 \times 40.5}{8\times(8^{2}-1)}$ = 0.517
4) Compare it with Spearman Critical Value = 0,738
5) Rs < Rs critical value , so the test statistics doesn't fall within the critical region, so we fail to reject the null hypothesis.
