Each year the employees at Zipco receive a $0, $2000, or $4500 salary increase. They also receive

Question:

Each year the employees at Zipco receive a $0, $2000, or $4500 salary increase. They also receive a merit rating of 0, 1, 2, or 3, with 3 indicating outstanding performance and 0 indicating poor performance. The joint probability of salary increase and merit rating is listed in the file S04_67.xlsx. For example, 20% of all employees receive a $2000 increase and have a merit rating of 1. Find the correlation between salary increase and merit rating. Then interpret this correlation.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...