Use the following to answer the question(s) below.
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?
A) -0.223
B) 0.472
C) 0.108
D) -0.540
E) Cannot be determined from the information given.

Question

Use the following to answer the question(s) below.
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?
A) -0.223 
B) 0.472 
C) 0.108 
D) -0.540 
E) Cannot be determined from the information given.

Quizplus · Accepted Answer

The correlation coefficient (r) is 0.472, indicating a moderate positive relationship between the variables.

Use the Following to Answer the Question(s) Below