A new footwear manufacturer is trying to compete with the major brands by investing heavily in Research and Development (R&D). Their goal is to produce
a premium lifestyle sneaker that is more comfortable, longer lasting and more
stylish than any of their competitors. Below are some data on dollars spent on
R&D and new customers acquired for the last 5 quarters. Use this data to
answer questions 21 through 25.
Regression Equation - Y = 0.5 +1.35X
R&D Dollars
New Customers
Acquired
(in millions)
(in thousands)
8
12
12
15
13
18
14
20
18
25
The correlation coefficient is
_?
99.24
96.15
O 95.25
98.06