The article ?$115K! The 13 Best Paying U.S. Companies? (USA TODAY, August 11, 2015) gave the following
Question:
The article ?$115K! The 13 Best Paying U.S. Companies? (USA TODAY, August 11, 2015) gave the following data on median worker pay (in thousands of dollars) and the 1-year percent change in stock price for the 13 highest paying companies in the United States.
a. Construct a scatterplot for these data.
b. Calculate and interpret the value of the correlation coefficient.
c. The article states that companies that pay more are seeing a payoff in their stock performance. Is this conclusion justified based on these data? Explain.
d. Is it reasonable to generalize conclusions based on these data to the population of all companies in the United States? Explain why or why not.
Step by Step Answer:
Introduction To Statistics And Data Analysis
ISBN: 9781337793612
6th Edition
Authors: Roxy Peck, Chris Olsen, Tom Short