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The managing partner of an advertising agency believes that his company's sales are related to the industry sales. He uses Microsoft Excel to analyze the

The managing partner of an advertising agency believes that his company's sales are related to the industry sales. He uses Microsoft Excel to analyze the last 4 years of quarterly data (i.e.,n= 16) with the following results:

Regression Statistics

Multiple R 0.802

R Square 0.643

Adjusted R Square 0.618

Standard Error SYX 0.9224

Observations 16

ANOVA

df SS MS F Sig.F

Regression 1 21.497 21.497 25.27 0.000

Error 14 11.912 0.851

Total 15 33.409

Predictor CoefStdErrort Stat p-value

Intercept 3.962 1.440 2.75 0.016

Industry 0.040451 0.008048 5.03 0.000

Durbin-Watson Statistic 1.59

Referring to Scenario 13-5, the coefficient of correlation is ________.

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