You wonder if there is a relationship between the amount of money an owner spends on a race car and how well that car does in a race. information but you manage to obtain the following information from some of them after the nal race of the season. Most of the owners will not give you this Owner Money Spent Finish in last race (in millions) Mary-Claire 3.5 4 Wendy 5.4 1 Tim 1.2 17 Mandy 1.5 1 1 Tomoka 4.1 12 Pat 1.6 6 James 2.4 8 Tricia 3.5 9 Juanita 3 .6 5 a) What is the correlation between money spent and finishing place in the race? (8 marks) r=.54 (or perhaps r=-.53 depending on how your ranked) b) How much of the variance in race nish can be accounted for by the money spent on the race car. (1 marks) 29% of variance