The file CEO 2014 includes the total compensation (in $millions) for CEOs of 200 Standard & Poor's

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The file CEO 2014 includes the total compensation (in $millions) for CEOs of 200 Standard & Poor's 500 companies and the investment return in 2014. (Data extracted from "Highest Paid Chiefs in 2014," nyti.ms/1Hrapdm.)

a. Compute the correlation coefficient between compensation and the investment return in 2014.

b. At the 0.05 level of significance, is the correlation between compensation and the investment return in 2014 statistically significant?

c. Write a short summary of your findings in (a) and (b). Do the results surprise you?

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Statistics For Managers Using Microsoft Excel

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Authors: David M. Levine, David F. Stephan, Kathryn A. Szabat

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Question Posted: Jan 25, 2017 07:50 AM

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The file CEO 2014 includes the total compensation (in $millions) for CEOs of 200 Standard & Poor's

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a The correlation between compensation and the investment return is 01026 b v...View the full answer

Statistics For Managers Using Microsoft Excel

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