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Pierre and Michelle are two journalists who each write columns advising readers on which wines offer good value for the money. They each taste

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Pierre and Michelle are two journalists who each write columns advising readers on which wines offer good value for the money. They each taste a number of wines and then estimate the retail prices for each corresponding bottle of wine. Their estimates are shown in the table below: Wine A 7 Pierre's estimates ($) Michelle's estimates (S) 9 B 3 C D 25 50 19 20 25 E 2 Briefly interpret the meaning of your results. 9 F 5 10 G 17 4 H I 80 12 26 Enter the above data into SPSS and answer the following questions: What is the correlation coefficient between Pierre and Michelle's estimates? 60

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