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A financial analyst is examining the relationship between stock prices and earnings per share. She chooses fifteen publicly traded companies at random and records for

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A financial analyst is examining the relationship between stock prices and earnings per share. She chooses fifteen publicly traded companies at random and records for each the company's current stock price and the company's earnings per share reported for the past 12 months. Her data are given below, with x denoting the earnings per share from the previous year and y denoting the current stock price (both in dollars). A scatter plot of her data is shown in Figure 1. Also given is the product of the earnings per share and the current stock price for each of the fifteen stocks. (These products, written in the column labelled "xy", may aid in calculations.) Earnings per Current share, x stock price, y xy (in dollars) (in dollars) 27.03 0.79 21.3537 17.41 0.95 16.5395 32.20 1.70 54.74 3 - 13.13 0.55 7.2215 2 .5 - 41.51 1.00 41.51 2- 38.23 1.33 50.8459 XX Current stock price (in dollars) 1.5- X 42.06 1.78 74.8668 XX 48.92 1.52 74.3584 1- X XX 58.04 2.87 166.5748 0.5- 23.17 0.78 18.0726 0 10 20 30 40 41.56 50 60 1.70 70.652 28.59 0.76 21.7284 Earnings per share (in dollars) 58.39 2.28 133.1292 Figure 1 37.60 1.43 53.768 29.68 1.49 44.2232 Send data to calculator Send data to Excel What is the sample correlation coefficient for these data? Carry your intermediate computations to at least four decimal places and round your answer to at least three decimal places. (If necessary, consult a list of formulas.)

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