Below is information on the price per share and the dividend for a sample of 30 companies. The sample data are available on the data disk supplied with the text.

a. Calculate the regression equation using selling price based on the annual dividend. Interpret the slope value.

b. Determine the coefficient of determination. Interpret its value.

c. Determine the coefficient of correlation. Can you conclude that it is greater than 0 using the .05 significance level?

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Company Price per Share Dividend 1 $20.00 $3.14 2 22.01 3.36 29 77.91 17.65 30 80.00 17.36