Compute the coefficient of correlation Salary 1.3 0.4 0.7 1.5 0.9 1.1 0.6 0.3 1.

Question

Compute the coefficient of correlation

Salary            1.3    0.4    0.7    1.5     0.9   1.1   0.6   0.3     1.6    1.2

Revenue       11.6   2.2    6.6   12.6   5.2    5.4    5.5   2.1    9.2   11.2

What conclusions can you reach about the relationship between a coach's salary and revenue? A,B,C, or D

A.

There is a strong positive relationship between a coach's salary and revenue. As a coach's salary increases, revenue always increases.

B.

There is no relationship between a coach's salary and revenue.

C.

There is a

strongstrong

positive relationship between a coach's salary and revenue. As a coach's salary increases, revenue tends to increase.

D.

There is a slight relationship between a coach's salary and revenue. Increases in a coach's salary cause increases in revenue.

Explanation / Answer

The statistical software output for correlation is:

Correlation between Salary and Revenue is:
0.86894564

Hence,

Option C is correct.

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