The given data represent the total compensation for 10 randomly selected CEOs an

Question

The given data represent the total compensation for 10 randomly selected CEOs and their company's stock performance in 2009. Analysis of this data reveals a correlation coefficient of r--0 21 35 What would be the predicted stock return for a company whose CEO made $15 million? What would be the predicted stock return for a company whose CEO made $25 million? EB Click the icon to view the compensation and stock performance data Click the icon to view a table of critical values for the correlation coefficient What would be the predicted stock return for a company ose CEO made $15 million? []% (Type an integer or decimal rounded to one decimal place as needed ) What would be the predicted stock return for a company whose CEO made $25 million? % (Type an integer or decimal rounded to one decimal place as needed)

Explanation / Answer

here as n=10 ; for whcih critical value of correlation coefficient is r=0.632

as our correlation coefficient absolute value is less than critical value thre is not a significant correlation between compensation and stock return

therefore predicted stock return for compnay whose CEO made $15 million=average =17.2

therefore predicted stock return for compnay whose CEO made $25 million=average =17.2

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