conduct a simple linear regression model exercise.. The deadline of this project will be July 5th, 11:59PM, and you will need to upload the PDF version of a paper to the Canvas. Please type full names of your group members in the assignment and name your pdf file as (lists of group members) Firstname_Lastname_ProjectHW. In each group, students will receive equal credits and only one member will need to submit the project assignment if you work as a group. Total points of this assignment will be 100 points. One dataset, named as "Executive_Compensation_data" in Excel format, will be uploaded to Canvas. The data contains compensation for chief executive officer (CEO), return on assets (ROA), return, that is the change in price of an asset or investment, and total assets for each firm. You may use Excel for any calculations or any graphing. Other statistical software packages like R, Stata, Number will be allowed to use. Various research papers have examined the relationship between CEO compensation and other related factors. For instance, Jensen and Murphy (1990) proposed that CEO compensation is not dependent of firm performance due to political pressures. However, relatively more recent research from Hall and Liebman (1997) showed that there is a strong relationship between executive's compensation and firm value. In addition, by using GMM models, Yasar (2005) concluded that there is a strong link between the economic performance of the firms and CEO compensation. Al-Shammari (2021) proposed that risk-taking behavior of executives mediate the relationship between executive payment and firm performance, and the results showed strong and positive relationship. In this project, your objective is to examine the relationship between CEO compensation and the size of firm by using the given dataset. The main research question for this project is: how does firm size affect to CEO's compensation? In research papers, the size of firm can be calculated as the natural logarithm of total assets, but you will use total assets as a measure of firm size in this project. I am delighted to answer any questions you might have. If you have any questions regarding the project, please reach out to me as soon as you can so that we can address your concerns in advance of the project being due. No late homework will be accepted except for a valid and documented reason. If this is the case, you must contact me before the deadline. I hope this proves to be a rewarding experience for each one of you.

Compensation	ROA	Return	Assets
16.58	2.53	-0.15	20917.5
26.92	1.27	0.57	32659.5
11.83	0.91	1.23	64787.5
0.91	2.24	1.28	596
3.44	-1.93	-0.83	1997.5
10.25	0.04	1.21	10217.5
25.09	1.25	1.01	46029.5
8.12	2.01	1.74	2494
14.12	0.88	0.55	58083
2.47	0.49	0.58	6233.5
11.57	0.73	0.17	35439.5
7.61	0.76	0.01	2161
9.33	0.34	3.07	8555.5
15.38	2.46	5.45	3006.5
10.35	0.96	2.35	4309
6.63	0.85	1.79	3165
4.89	0.19	1.23	13736
23.98	0.74	0.99	156813
3.89	2.36	0.11	2030.5
33.99	0.8	1.19	106109.5
11.24	1.47	0.51	19407
3.24	0.47	0.49	18903
14.22	0.41	0.82	37079.5
29.14	0.87	0.91	121144.5
7.01	0.46	2.05	23958.5
21.23	0.48	0.3	916230.5
7.23	1.34	1.12	1956
24.08	1.64	0.43	31542.5
13.43	1.18	0.88	38776
9.94	1.66	0.14	16466
2.63	1.38	1.44	604.5
5.28	1.97	0.63	21790
5.63	-0.11	2	10154.5
6.04	0.52	2.16	12360.5
3.31	0.8	0.24	3405
2.7	0.31	0.79	21967.5
60.73	0.54	1.6	208133
4.51	0.54	0.43	8713
4.77	0.84	2.66	5524
5.28	1.12	0.52	4264.5
2.24	0	-2.08	1029.5
64.63	-0.14	-0.77	23882
13.32	2.11	-0.55	4999.5
8	3.02	1.84	8256.5
6.29	0.93	0.12	5101.5
2.46	0.36	0.88	11905
27.87	0.5	0.72	1375770
2.27	0.61	0.56	10379.5
13.63	0.48	1.08	102662
8.13	2.21	1.02	2271.5
13.58	1.3	1.7	13706.5
8.44	0.5	0.55	115260.5
5.74	0.53	-0.54	3597.5
5.8	0.87	0.63	3002
12.2	0.33	-1.17	8467.5
10.34	1.34	0	5545
6.7	0.44	0.93	17193.5
3.59	2.34	2.66	9298.5
8.36	-0.8	-2.51	19539
2.62	0.7	2.34	2763.5
9.8	1.16	0.93	26856.5
9.9	1.49	2.1	4314.5
3.58	1.06	-1.39	4536
13.37	0.83	1.44	31050.5
4.03	2.51	1.56	1513.5
3.69	2.23	2.24	1664.5
37.44	0.79	-0.05	119220
4.81	0.91	0.73	11099
14.82	0.99	1.08	49501
4.65	0.57	-0.1	7214.5
28.64	-0.87	0.47	43269.5
28.77	0.66	9.45	1997
5.19	0.28	1.48	17374.5
6.34	-0.73	1.92	1931
2.54	0.68	0.94	7602
5.33	-0.82	-0.69	1947
15.06	1.3	1.68	20267.5
31.6	1.93	1.13	129230.5
3.52	3.24	3.34	4138
4.96	2.42	-0.45	1404.5
16.76	1.56	1.31	49169
21.01	0.81	1.7	43646
3.16	1.48	0.03	4505
2.21	1.61	0.42	16612.5
13.9	0.54	1.17	70436.5
25.98	0.45	0.66	1689177.5
9.31	0.48	0.79	18795
4.87	-0.11	1.47	15706
32.34	2.44	0.61	29695
5.75	-0.2	-0.15	24361.5
1.69	3.32	3.84	1098
23.26	2.29	0.77	8822.5
1.75	1.68	0.06	997.5
26	0.21	0.83	106902.5
8.61	0.51	0.29	55507
3.61	0.26	0.73	41869
9.98	0.48	0.98	32499
43.44	1.85	1.55	135890
10.28	1.49	1.39	5367.5
4.72	0.45	0.57	25773
20.06	0.46	1.16	21638
8.62	0.9	2.61	2475.5
10.01	1.24	1.46	5295
11.29	1.54	1.75	12136
48.13	0.53	0.54	187515.5
2.04	0.3	5.29	4570
12.94	4.21	0.9	5280
13.77	0.61	1.85	24680.5
2.96	0.53	0.71	12482.5
13.58	1.34	1.42	7175
24.02	1.03	1.18	17928.5
5.17	-0.27	1.95	1911
5.07	0.52	0.35	3845
19.61	1.52	1.35	11013.5
11.03	0.55	1.07	6910.5
1.59	1.8	2.15	1822.5
6.14	1.09	1.91	7021.5
12.97	1.3	1.66	32668
2.33	0.54	-0.47	2432
12.47	0.83	1.63	15385.5
7.3	0.38	0.79	50964.5
20.62	0.39	0.36	9505
9.07	1.15	0.85	7103.5
16.82	1.33	-0.42	45757.5
4.16	0.82	0.13	1869
1.55	0.44	0.44	16651.5
12.17	0.4	1.27	4104
5.95	1.66	1.23	3074.5
7.33	0.31	0.57	23560
12.9	0.47	0.92	61711.5
2.63	0.81	1.28	6443.5
5.43	-0.86	1.56	8831.5
9.95	0.42	1.68	49153.5
10.69	1.15	0.26	32534
2.99	1.6	-1.43	858.5
9.45	1.24	0.46	5952.5
8.37	-1.09	-0.88	14778
14.13	1.24	0.66	10817.5
15.74	1.28	-1.04	12641.5
6.56	1.29	0.97	4108
12.74	0.48	1.22	35526
4.63	1.3	0.68	1238
5.89	0.01	1.14	29550.5
13.64	0.34	1.29	17520.5
20.21	1.05	0.03	17678
6.61	1.27	1.59	2727.5
3.18	1.98	1.2	3976
14.76	0.52	1.06	30970.5
7.97	2.49	1.7	8577.5
7.08	1.92	1.5	1811.5
3.43	0.25	1.96	14585.5
1.34	0.62	2.34	2362.5
16.43	0.43	1.24	43558
5.09	1.15	2.87	5301
13.01	2.68	1.38	213675
6.93	-0.53	0.77	1987
3.64	6.84	0.57	853.5
12.83	0.88	0.68	5910
6.11	0.46	-0.15	102947
2.15	0.37	0.71	34355
3.07	0.33	0.21	37248.5
0.98	0.08	1.28	861.5
12.75	0.5	1.57	31518.5
4.41	1.01	1.53	6146
10.75	0.71	1.82	4724.5
10.52	1.16	2.38	2292
28.18	-0.28	-1.98	274327.5
4.41	0.69	1.15	3417.5
10.8	0.84	0.33	13935
9.5	0.49	1.32	34406
32.11	3.34	1.5	5470
8.79	4.1	5.88	1373.5
3.29	0.67	1.47	1175
1.36	0.48	0.22	13660.5
8.15	1.1	-0.65	15983.5
2.28	0.37	1.32	4945.5
17.12	2.07	2.73	13494.5
14.5	1.19	1.93	21038
17.86	0.41	0.39	685002
0.24	0.08	1.96	25274
10.19	-0.22	-0.36	330230
3.8	1.77	0.32	567
3.84	1.28	0.67	4634.5
22.45	0.49	0.26	7035
9.61	-0.21	3.6	3926
1.05	0.57	0.61	1943
15.83	0.83	1.57	6677.5
0.56	3.22	4.8	14372.5
6.6	1.57	0.63	3077
3.07	0.55	0.47	4089
15.3	2.12	1.36	15954
4.34	2.79	0.87	5393.5
14.24	0.3	1.24	21401.5
3.41	0.87	1.13	3151
2.79	1.64	0.24	929.5
17.49	0.3	1.2	306050.5
8.41	1.01	1.14	3199
3.7	0.18	0.07	9921.5
2.03	1.69	1.12	2975.5
5.4	0.43	0.87	2689.5
15.01	1.2	1.83	20778.5
6.84	1.82	2.53	1824
2.35	1.75	0.36	1183
27.7	0.87	1.32	31287
0.1	1.53	0.73	3536
13.12	0.76	1.65	10026.5
5.33	0.35	0.92	31791
5.8	1.8	1.64	8484
2.84	0.45	0.34	34047
17.03	0.29	1.29	13557.5
4.76	1.36	1.09	1457.5
2.46	2.51	1.52	525.5
5.39	1.94	0.26	12663
3.46	0.99	1.57	1264.5
6.99	2.32	0.79	1940
3.97	0.5	0.92	25473.5
18.21	1.16	0.38	11951
4.31	0.41	0.42	6162.5
9.81	2.13	-0.31	48341
1.86	0.43	0.17	10651.5
2.01	1.22	0.57	2558.5
13.73	0.46	-0.28	26402.5
7.17	-0.17	-0.23	11904.5
10.57	1.07	1.47	7236.5
2.91	2.64	1.2	576
14.54	1.07	1.27	3583.5
4.99	0.41	0.37	3704
19.9	0.43	1.15	15303
0.26	-0.05	0.21	4367.5
28.56	2.63	0.29	64710
4.02	0.12	0.09	4189.5
39.05	0.3	1.05	1275231
6.52	-0.62	-1.19	7776
2.32	0.39	1.64	4530.5
14.35	1.38	0.48	10644.5
12.02	0.43	0.66	92731.5
10.69	1.36	0.28	16685
2.89	1.96	2.14	6702
0	1.11	0.44	12732.5
6.38	0.77	-0.29	1888.5
4.99	0.98	2.07	3147.5
1.33	2.05	0.13	527
9.64	0.76	0.31	56601
3.05	1.64	1.91	373
3.69	0.7	0.71	12598
21.51	1.38	1.76	3938.5
3.23	0.04	2.71	3292.5
2.23	0.86	-0.34	4168.5
10.06	1.54	-0.57	3089.5
15.23	1.47	0.08	23268
18.13	0.26	1.39	151677.5
9.81	1.25	0.14	3324
18.6	1.19	2.54	27987.5
5.04	0.87	2.19	73893.5
3.58	1.28	-0.35	3513.5
6.36	0.44	1.92	2824
15.06	0.57	1.19	4381
2.3	0.51	0.68	56105.5
15.34	1.52	-0.58	3885
3.67	0.65	0.95	4335.5
17.25	0.91	1.35	2368.5
21.37	2.08	3.29	29664.5
12.6	1.04	1.74	8559
8.09	0.5	0.51	51221.5
6.3	1.9	1.29	599
17.29	0.79	-0.44	12442
5.33	-0.16	-1.21	2864
5.99	1.61	0.64	4664
14.29	0.74	0.77	37162
12.71	1.21	1.45	29482
19.88	4.81	1.47	6219.5
6.16	0.16	0.31	9096.5
9.14	1.58	0.73	14418
17.04	0.48	1.08	102662
10.24	1.54	2.74	44708
91.38	0.29	1.58	761157
19.36	0.23	1.4	504680
7.21	3.19	0.01	6490
2.95	0.78	2.13	2209
6.68	0.44	0.18	11701
6.25	0.9	1.63	1824.5
8.2	5.86	2.13	1477.5
8.66	1.73	0.44	6926
30.8	1.62	0.49	8186
0.76	0.52	0.32	141294
0.23	1.6	0.05	664.5
4.93	1.1	1.63	7849
6.97	0.95	1.07	5257
4.4	-0.57	-1.07	4210
7.58	1	1.14	6378.5
2.06	0.46	1.01	4240.5
7.33	1.78	1.12	4466
24.44	0.79	1.23	25943.5
8.28	-1.08	-0.84	18557
4.99	-0.07	1.53	11935.5
11.01	0.4	1.21	57065
21.66	0.67	1.47	33111.5
6.22	0.96	1.32	2326
55.63	2.62	1.79	29269.5
11.75	0.79	3.58	6328
5.57	0.06	2.36	6244
4.77	0.59	1.62	4898.5
13.24	0.65	0.9	16862.5
9.65	0.59	1.63	9851.5
2.45	-1.07	-1.97	758.5
7.38	1.41	1.7	14911
7.91	1.05	1.52	2789
6.04	1.02	2.2	8183
7.67	0.51	0.93	4352
5.5	0.63	0.43	11725.5
9.38	2.36	0.56	30828.5
7.2	0.53	-0.05	2601.5
2.34	1.05	0.49	1476
9.8	1.19	0.64	116258
7.99	0.41	1.14	34438.5
9.43	3.02	3.37	12495
2.11	2.56	2.49	3183.5
7.52	0.36	0.84	11389.5
9.37	0.78	0.41	9615
4.63	0.9	0.76	4736.5
1.25	-0.52	-1.72	870
18.07	0.73	1.26	96887
9.15	0.91	0.42	6323.5
2.35	2.41	-1.34	775
2.79	0.88	1.92	1130.5
8.89	1.01	-0.03	9374
4.59	1.2	1.09	10796.5
16.85	0.26	1.32	135346.5
9.86	0.35	0.59	26384.5
5.43	2.81	0.47	19190.5
4.68	1.37	1.84	14515
25.75	0.29	1.67	433820
9.17	0.39	0.92	29186.5
7.68	2.08	2.42	8375
15.69	1.29	0.03	13119
9.08	1.52	0.45	5483.5
4.01	1.29	1.68	4719.5
3.53	0.96	-2.06	2137.5
5.67	1.47	1.32	1902
17.23	0.61	1.92	24936
18.43	0.41	0.76	114077.5
3.33	1.65	3.26	2691.5
8.17	1.01	1.92	16348.5
13.04	2.54	0.86	1389
8.74	1.04	0.58	9624
4.9	0.5	0.55	6431
6.14	1.85	1.1	14550
7	0.59	2.68	16015.5
9.97	1.36	2.88	5044
29.66	0.66	1.27	15770
17.53	2.29	2.13	20454.5
6.53	0.73	0.62	1466.5
9.92	1.37	0.27	4188.5
2.1	1.1	1.88	3069
1.99	0.8	0.74	4942.5
12.18	0.53	1.47	29097.5
4.52	0.08	1.71	8637
7.35	1.49	1.74	4682
5.57	0.33	1.75	8351.5
1.93	1.93	1.13	2232.5
3.24	0.83	0.07	644
3.1	0.94	2.16	21607.5
16.63	0.44	0.02	107737.5
8.69	1.38	1.06	4697.5
5.16	0.63	1.32	2331.5
7.85	0.59	0.52	41367.5
1.41	0.55	0.17	13731.5
21.3	0.16	-0.32	99960.5
8.15	0.31	1.32	5371.5
5.79	1.59	-0.32	4817.5
3.82	0.57	0.26	13045
8.45	1.14	-0.56	4392
6.16	1.2	0.3	3740
9.96	0.88	1.26	10887
26.76	0.35	1.48	102660.5
6.05	2.13	0.56	5433.5
22.96	1.49	1.19	10456.5
7.57	0.4	0.71	180937.5
9.21	0.89	1.14	1679.5
4.98	0.58	0.57	29793.5
5.1	7.08	1.38	2538
4.2	0.44	0.49	7266
3.34	0.77	1.8	3718.5
12.37	0.23	1.32	21052
9.5	-0.77	-1.2	9175.5
3	0.63	0.29	1790.5
15.48	0.98	4.16	4493
11.72	2.41	1.06	14496.5
23.67	0.55	1.46	17024.5
7.09	0.38	2.56	2612.5
5.63	0.58	1.95	48171.5
11.35	1.87	-0.35	4210.5
3.65	0.22	-0.28	14265
4.2	1.68	-0.66	1576
16.08	0.95	1.35	114239.5
10.71	0.48	2.07	12757
8.21	1.16	2.45	1875
22.48	0.45	0.62	127731.5
2.03	1.19	0.54	14874.5
4.47	1.43	2.02	10966.5
6.34	0.62	-0.59	13973.5
7.07	0.88	2.96	3006.5
17.94	0.27	1.26	10681.5
10.01	1.24	1.63	25686
5.92	0.76	0.88	214348.5
2.42	0.42	-0.62	9156
8.28	0.54	1.49	36067.5
0.96	2.64	0.86	1665
15.55	3.13	0.6	44804
6.17	1.75	0.12	34078.5
5.43	0.45	1.39	5548.5
8.64	1.63	1.13	10204
3.47	1.01	0.27	1551
27.17	1.15	1.2	46533
14.48	0.79	1.05	3068
4.7	0.3	0.7	52345
12.3	-1.65	2.75	5753.5
3.02	1.3	-2.55	749.5
9.94	2.12	2.32	35275.5
5.38	0.47	0.62	12415.5
1.7	1.17	3.03	757
1.61	1.27	2.34	935
21.26	0.49	0.49	178467
5.92	-4.91	8.26	735.5
3.19	0.33	0.16	4610
4.56	1.53	2.29	15795.5
16.02	1.71	1.62	3509
23.85	0.44	0.35	613938
14.25	0.33	0.64	344930.5
5.6	0.82	0.89	20867.5
4.48	2.14	-0.01	1523
3.68	-0.65	-0.59	3419
14.03	1.2	1.37	9359.5
3.08	0.32	0.4	17467
23.89	1.97	0.84	51431
29.85	0.59	0.68	481868.5
4.17	0.25	2.64	2750
5.55	1.07	2.35	2237.5
1.97	0.71	0.07	4963.5
1.07	0.42	0.57	5332.5
8.25	0.71	1.15	11030
10.34	0.18	1.49	27422.5
2.55	0.52	0.79	10701
1.04	1.87	-0.15	4528
32.85	1.66	1.42	36160
11.2	0.37	1.01	21731.5
10.69	0.71	0.3	21831
8.85	0.12	0.04	58882
52.06	2.27	2.03	11371
39.82	1.93	-1.33	11173
4.48	0.81	-1.04	5793
12.43	1.74	1	6082.5
1.76	1.45	-1.56	940.5
11.99	2.03	-0.03	5848
2.3	0.45	0.75	44875