In Order to Examine If There Is a Relationship Between $=-4877+0.245$

In order to examine if there is a relationship between the size of cash bonuses and
Pay scale, data were obtained on the average annual cash bonus and the average annual
Pay for a sample of 20 companies. Below is the regression analysis output with annual
Cash bonus as the dependent variable. What is the correlation between average annual
Cash bonus and average annual pay?
Regression Analysis: Cash Bonus versus Pay The regression equation is
Cash Bonus $=-4877+0.245$ Pay

$\begin{array}{lrrrr}\text { Predictor } & \text { Coef } & \text { SE Coef } & \text { T } & \text { P } \\ \text { Constant } & -4877 & 9106 & -0.54 & 0.599 \\ \text { Pay } & 0.2453 & 0.1079 & 2.27 & 0.036\end{array}$

$\mathrm{S}=13188.6 \quad \mathrm{R}-\mathrm{Sq}=22.3\%$

A) -.223
B) .472
C) .108
D) -.540
E) Cannot be determined from the information given.