Longevity and Salary a Sample of Eight Observations of Variables

question 78

Essay

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.

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Definitions:

Leveraging

The use of various financial instruments or borrowed capital to increase the potential return of an investment.

Common Shareholders' Equity

The amount of money that would be returned to common shareholders if all assets were liquidated and all debts paid off.

Intracompany Comparisons

The analysis and comparison of a company's financial data and performance across different periods or segments within the same company.

Intercompany Comparisons

Analyses done between companies within the same group or sector to benchmark performance, efficiency, or financial health.