Many people believe that a salary bonus is a reward for good performance. The corporate world may
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Many people believe that a salary bonus is a reward for good performance. The corporate world may have a different understanding. A random sample of thirty chief executive officers of large capitalization public companies recorded the cash bonus paid, x (in $100,000), and the performance of the company, y, as measured by percentage change in company revenues. The following sums resulted.
Find the sample coefficient of correlation. What does this study say about the relationship between bonuses and performance?
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a The sample coefficient of correlation 05173 b As the result shows there i...View the full answer
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