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Longevity and Salary A sample of eight observations of variables x (years of experience)and y (salary in $1,000s)is shown below: {Longevity and Salary Narrative}
a. Calculate the coefficient of correlation, and comment on the relationship between x and y .
b. Give a possible reason that the correlation is negative.
Entrepreneurial Behavior
Actions and attitudes that reflect an inclination towards innovation, risk-taking, and the creation of new value or business ventures.
Innovation
The process of translating an idea or invention into a good or service that creates value or for which customers will pay.
Risk Assumption
The act of taking on the potential for loss or harm as part of a project, investment, or business, often in pursuit of a reward.
Entrepreneur
An individual who creates, launches, and manages a new business, typically taking on significant financial risk.
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