What is the value of the sample correlation coefficient? 1 answer below »

The following data are the monthly salaries y and the grade point averages x for studentswho obtained a bachelor’s degree in business administration with a major in informationsystems. The estimated regression equation for these data is 1790.5 yˆ 581.1x.GPA Monthly Salary ($)2.6 33003.4 36003.6 40003.2 35003.5 39002.9 3600a. Compute SST, SSR, and SSE.b. Compute the coefficient of determination r2. Comment on the goodness of fit.c. What is the value of the sample correlation coefficient?

 

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