Are the assumptions for biserial correlation same as those in point-biserial except that one difference regarding the underlying continuous nature of dichotomous variable?
I need a syntax for biserial correlation or other way to compute it in SPSS or R. Or syntax for it's transformation from point-biserial correlation!
The r_bis macro on the page linked below may be useful. I have never used it, so would recommend that you check it against textbook examples if you can find any that provide the raw data.