Sales and Experience
The general manager of a chain of department stores believes that experience is the most important factor in determining the level of success of a salesperson. To examine this belief she records last month's sales (in $1,000s) and the years of experience of 10 randomly selected salespeople. These data are listed below.
-{Sales and Experience Narrative} Calculate the Pearson correlation coefficient.Interpret this result.
Definitions:
Annual Dividend
The total amount of dividend payments declared by a company in one year, distributed to shareholders from its earnings.
Stock Price
The cost of purchasing a share of a company on the stock market.
Red Herring
A preliminary prospectus filed by a company with details about its operations and financials, intended to gauge investor interest before a final prospectus is issued.
SEC
Securities and Exchange Commission, a U.S. federal agency responsible for enforcing federal securities laws and regulating the securities industry and stock markets.
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