Question

The accompanying data represent the total compensation for 12 randomly selected chief executive officers​ (CEOs) and the​ company's stock performance.

Company   Compensation   Return
A   14.62   74.84
B   3.29   60.79
C   6.65   141.68
D   1.92   33.03
E   1.78   11.89
F   2.88   30.99
G   11.37   0.92
H   6.81   64.52
I   8.91   52.12
J   3.17   52.88
K   20.67   23.68
L   6.43   31.83

​(a) Treating compensation as the explanatory​ variable, x, use technology to determine the estimates of β0 and β1.

The estimate of β1 is __?__.

​(Round to three decimal places as​ needed.)

Answer 1