What would be the predicted stock return for a company whose CEO made, assignment help
What would be the predicted stock return for a company whose CEO made, assignment help
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 = -0.1839. 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 $25 million?
the compensation and stock performance data:
Compensation ($ millions)Stock Return (%)
26.66 5.84
12.27 30.05
19.11 31.51
13.72 80.24
11.89 -8.23
11.42 2.95
26.37 4.24
14.49 10.89
17.42 3.74
14.71 11.73
table of critical values for the correlation coefficient:
Critical Values for Correlation Coefficient
n
30.997
40.950
50.878
60.811
70.754
80.707
90.666
100.632
110.602
120.576
130.553
140.532
150.514
160.497
170.482
180.468
190.456
200.444
210.433
220.423
230.413
240.404
250.396
260.388
270.381
280.374
290.367
300.361
n
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.)
__% (Type an integer or decimal rounded to one decimal place as needed.)
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