Manny Delgado is a senior college student. He is currently preparing for an interview for the internship opportunities at the Investment Bank of California. The HR department informs Delgado that one of the interview questions would be related to using Microsoft Excel to determine whether an industry is a cyclical industry or a defensive industry. Delgado decides to do some practice. He collects the revenue of the software publishing industry (NAICS=51121) in the U.S. and U.S. GDP from 2002 to 2020. The unit of the two data series is real billion U.S. dollars. Furthermore, he places the industry revenue data in cell B2 to T2 and U.S. GDP data in cell B3 to T3. Delgado then calculates the correlation between the two data series with the Excel function of =CORREL(B2: T2,B3T3) to determine if the industry is a cyclical industry or a defensive industry. Q. Is the Excel function that Delgado uses to determine if the industry is a cyclical industry or a defensive industry, correct? Why? D TO 0 2007 FOOT 2006 SOR N 2014 NOOR Olot o sler 2016 2017 2011 HO OP UAB din Sector Million Dollars 147996 HOUSE o 1 GEIR SIE ES POT REVIEW OH 6041 1 1 1 13,2011 13.8791 14.4064 14.912.5 15.338) 19.380 15.6047 15.208.818.9918 15.0.7 16.1970 1480 1920 1949 17.7100 1.141 1.3 19.00 TL USODPORA Dollars