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QUESTION 8 Florida Company (FC) and Minnesota Company (MC) are both service companies. Their historical return for the past three years are: FC:-21%,0%,-29%; MC:-296,-12%,11 %.

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QUESTION 8 Florida Company (FC) and Minnesota Company (MC) are both service companies. Their historical return for the past three years are: FC:-21%,0%,-29%; MC:-296,-12%,11 %. Calculate the correlation coefficient between the return of FC and MC. Enter your answer out to the fourth decimal, eg. ) ".0901" (For these problems don't enter the % into your formula, eg. treat "1096" as "10", not as "0.10". You can use the =CORREL function in Excel.)

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