Stock Prices and Earnings Per Share (EPS) Data Were Collected $= - 0.49 + 14.8$

Multiple Choice

Stock prices and earnings per share (EPS) data were collected for a sample of 15
Companies. Below are the regression results. Which of the following statement is true
About the correlation between stock price and EPS? The regression equation is
Stock Price $= - 0.49 + 14.8$ EPS

$\begin{array} { l r r r r } \text { Predictor } & \text { Coef } & \text { SE Coef } & \text { T } & \text { P } \\ \text { Constant } & - 0.486 & 4.032 & - 0.12 & 0.906 \\ \text { EPS } & 14.8129 & 0.9437 & 15.70 & 0.000 \end{array}$

$$S = 7.63235 \quad \mathrm { R } - \mathrm { Sq } = 95.0\%$$

A) The correlation is negative.
B) The correlation is not significantly different from zero.
C) The correlation is positive and significantly different from zero.
D) The correlation is positive but not significantly different from zero.
E) Cannot be determined from the information given.