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Florida Company (FC) and Minnesota Company (MC) are both service companies. Their historical return for the past three years are: FC: 22%,45%,18%; MC: 30%,34%,-33%. Calculate
Florida Company (FC) and Minnesota Company (MC) are both service companies. Their historical return for the past three years are: FC: 22%,45%,18%; MC: 30%,34%,-33%. Calculate the correlation coefficient between the return of FC and MC. Enter your answer out to the fourth decimal, e.g. )".0901". (For these problems don't enter the % into your formula, e.g. treat "10%" as "10", not as "0.10". You can use the =CORREL function in Excel.
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