Assume that there are two variables: Age groups (i.e, 1 for 18-25, 2 for 26-40, 3 for 41-50, 4 for 51-60 and 5 for 61 and above) and monthly individual expenses of 200 respondents who are evenly distributed over groups. We would like to examine these two variables together.
The question is that Which one below is more appropriate to apply:
a) Spearman correlations by accepting age groups as ordinal variable or
b) ANOVA by accepting that each age groups are independent.
The answer is important because most of the scientific commitee acepting both.