In: Statistics and Probability
The given data represent the total compensation for 10 randomly selected CEOs and their company's stock performance in 2009. Analysis of this data reveals a correlation coefficient of r=-0.2000. What would be the predicted stock return for a company whose CEO made $15 million? What would be the predicted stock return for a company whose CEO made $25 million?
Compensation ($ millions) Stock Return (%)
26.81 6.16
12.66 29.92
19.14 31.49
13.11 79.34
11.99 -8.35
11.41 2.22
26.23 4.08
14.61 10.81
17.12 4.13
14.18 11.88
What would be the predicted stock return for a company whose CEO made $15 million? _________% (Type an integer or decimal rounded to one decimal place as needed.)