Data from 2010 & 2011, in millions (source: Billboard
Magazine):
Company
Annual Revenue Market Valuation
Spotify
145 3,000
Warner
Music 2,888
3,300
Live Nation
5,600
1,700
Pandora 241 1,300
EMI 1,800
1,900
3a) Find the correlation between annual revenue and market
valuation. Is it statistically significant?
3b) Why is the correlation between revenue and market valuation
so low?.