A group of businessmen are interested in determining if there is a relationship between sales and proximity of a store to a street intersection. A study was conducted to help them decide whether to...

A group of businessmen are interested in determining if there is a relationship between sales and proximity of a store to a street intersection. A study was conducted to help them decide whether to rent or buy property near an intersection or far from it. A random sample of stores were selected and their average weekly sales taken and recorded as follows:

1. What is the degree of relationship between the two variables?
2. If the the businessmen's decision is to be based solely on the correlation coefficient, should they rent or buy a property near or far fro a street intersection?