The correct spelling of the word "Graig" is actually "Craig". This word is pronounced as /kɹeɪɡ/ according to IPA phonetic transcription. The letter "c" in Craig represents the sound of the letter "k", while the letters "ai" represent the sound of the letter "e" in words like "red". The letter "g" in Craig represents the sound of the letter "g" in words like "goat". It is important to use the correct spelling of words to effectively communicate in written form.