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Estimated slope of best fitting line

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The correlation between cash bonuses paid by a company to its executives (Y) and the annual pay of executives (X) is 0.735. The standard deviation in cash bonuses is $15,618 and the standard deviation in annual pay is $28,077. The estimated slope of best fitting line relating x and y is?

Please explain how you arrive at the answer.

Reference no: EM1392508

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