Median Worker Pay Percent Change in Stock Price Company Company 1 134.7 21.6 Company 2 132.2 92.0 Company 3 125.0 34.1 Company 4 122.8 52.1 Company 5 122.5 41.8 Company 6 121.2 2.6 Company 7 121.2 5.3 Company 8 119.0 30.2 Company 9 118.0 7.9 Company 10 118.0 37.5 Company 11 117.6 16.1 Company 12 117.4 21.9 Company 13 115.1 -44.8 Percent Change in Stock Price Percent Change in Stock Price (a) Construct a scatterplot for these data Percent Change in Stock Price 80 60 10 20 80 60 10 20 80 GO 10 20 Median 115 120 125 130 135 140 Median Worker Pay Worker Pay Median Worker Pay 115 120 125 130 135 140 -20 10 175 120 125 130 135 110 -20 40 -20 -40 Percent Change in Stock Price 30 60 10 20 Median Worker Pay 115 120 125 135 140 20 40 (b) Calculate the value of the correlation coecant, (Round your answer to four decimal places) There is a weak, negative association between the percent change in stock price and median worker pay There is a moderate, positive association between the percent change in stock price and median worker pay There is no association between the percent change in stock price and median worker pay There is a weak, positive association between the percent change in stock price and median worker pay There is a moderate, negative association between the percent change in stock orion and median worker pay (c) The artide states that companies that pay more are seeing a payoff in their stock performance is the conclusion justified based on these data? Explain The conclusion is not justified based on these data because there is a negative association suggesting that in gener, as median worker pay increases the percent change watack price decreases The conclusion is justified based on these data because there is a negative mediation suggesting that in general, at medan worker pay increases, so dons the percent change in stock price The conclusion is jutined based on these data because there is a positive association suggesting that in general, as median worker pay increases, no dous the percent range in stock pre The conclusion is not justified based on these data because there is a positive association suggesting that in general, as median worker pay increases the percent change in stock price decreases The conclusion is not justified based on these date because there is no association between the variables (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 The companies do not represent a random sample of companies from the population of US companies. Therefore, it is not reasonable to generalize the results to sit companies in the U.S. The strength the of the association is strong enough to allow on to generate the results to companies in the US The companies represent a random sample of companies from the population of all .. companies. Therefore, it is not resonable to generate the results to all companies in the US The companies do not represent a random sample of companies from the population of all..companies. Therefore, it is enable to generate the results to all companies in the US The companies represent a random sample of companies from the population of all companies. Therefore, resonable to generate the results to all companies in the US
