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A company manager is interested in the relationship between x = number of years that an employee has been with the company and y = the employee's annual salary (in thousands of dollars). The following statistical software output is from a regression analysis for predicting y from x for n = 15 data points. Find the correlation coefficient.
r = ______________
There is ______________ linear relationship between x and y.
Income Statement
An accounting document reflecting a business's earnings, outlays, and gains for a particular period.
Tile Manufacturer
A company specializing in the production of tiles, which are pieces of hard-wearing material such as ceramic, stone, or metal used for covering roofs, floors, walls, or other objects.
Selling Price
The amount charged to customers for goods or services, determining the revenue generated from sales.
Sales Volume
The number of units of a product sold in a particular period, indicative of the level of demand and operational success.
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