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A recent article inBloombergBusinessweeklisted the Best Small Companies. We are interested in the current results of the companies sales and earnings. A random sample of

A recent article inBloombergBusinessweeklisted the Best Small Companies. We are interested in the current results of the companies sales and earnings. A random sample of 12 companies was selected and the sales and earnings, in millions of dollars, are reported below.

Company Sales ($ millions) Earnings ($ millions) Company Sales ($ millions) Earnings ($ millions)
Papa John's International $ 87.4 $ 4.9 Checkmate Electronics $ 17.5 $ 2.6
Applied Innovation 18.6 4.4 Royal Grip 9.8 1.7
Integracare 17.4 1.3 M-Wave 19.6 3.5
Wall Data 71.7 8.0 Serving-N-Slide 53.7 8.2
Davidson & Associates 58.6 6.6 Daig 28.6 6.0
Chico'sFAS 47.3 4.1 Cobra Golf 69.2 12.8

Let sales be the independent variable and earnings be the dependent variable.(Round your answers to 3 decimal places.)

a. The coefficient of correlation is.
b. The coefficient of determination is.
c. The regression equation, with thecoefficients, isY'=+X
d.

For asmall companywith $54 million in sales, an estimate ofthe earnings is($ millions).

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