Using the Following Regression Analysis of the Relationship Between the Size

Multiple Choice

Using the following regression analysis of the relationship between the size of cash bonuses and pay scale, find the correlation between average annual cash bonus and
Average annual pay? Regression Analysis: Cash Bonus versus Pay
The regression equation is: Cash Bonus $= - 4877 + 0.245$ Pay
$\begin{array} { l r r r r } \text { Predictor } & \text { Coef } & \text { SE Coef } & T & \text { P } \\ \text { Constant } & - 4877 & 9106 & - 0.54 & 0.599 \\ \text { Pay } & 0.2453 & 0.1079 & 2.27 & 0.036 \end{array}$
$$\mathrm { S } = 13188.6 \quad \mathrm { R } - \mathrm { Sq } = 22.3 \%$$

A) -0.540
B) -0.223
C) 0.108
D) 0.472
E) Cannot be determined from the information given.