The data on the following page represent the total compensation for 10 randomly selected chief executive ofcers
Question:
The data on the following page represent the total compensation for 10 randomly selected chief executive ofï¬cers (CEO) and the company’s stock performance in 2009.
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(a) One would think that a higher stock return would lead to a higher compensation. Based on this, what would likely be the explanatory variable?
(b) Draw a scatter diagram of the data.
(c) Determine the linear correlation coefï¬cient between compensation and stock return.
(d) Does a linear relation exist between compensation and stock return? Does stock performance appear to play a role in determining the compensation of a CEO?
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a The explanatory variable is stock return b c To calcu...View the full answer
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