Idaho Slopes (IS) and Dakota Steppes (DS) Are Both Seasonal

Multiple Choice

Idaho Slopes (IS) and Dakota Steppes (DS) are both seasonal businesses. IS is a downhill skiing facility, while DS is a tour company that specializes in walking tours and camping. The equally likely returns on each company over the next year is expected to be: The correlation between the returns of IS and DS is:

A) +1.00
B) -1.10
C) +0.30
D) -0.03
E) 0.03