College of Saint Elizabeth Correlation Test & Financial Institutions Worksheet

Question Description

Correlation Test

#1. A study of 20 worldwide financial institutions showed the correlation between the assets and pretax profit to be 86. At the .05 significance level can we conclude that there is positive correlation in the population?

#2.James McWhinney president of Daniel James Financial Services, believes there is a relationship between the number of clients contacts and the dollar amount of sales. To document this assertion, McWhinney gathered the following sample information. The x column indicates the number of client contacts last month and the y column shows the value of sales ($thousands) last month for each sample

CHART IN THE PICS. PLEASE FOLLOW CHARTS MUST BE ON EXCEL

A)Determine the regression equation.

B)Determine the estimated sales if 40 contracts are made.

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