Conduct a Pearson correlation analysis

Conduct a Pearson correlation analysis

Conduct a Pearson correlation analysis based on the hypothetical stock prices for the major US banks

Assignment 3 requires you to conduct a Pearson correlation analysis based on the hypothetical
stock prices for the major US banks provided in the dataset for this course. In doing so, you need
to do the following:
1. Correlate the price of stock for Chase, PNC, and Wells Fargo
2. Create a scatter plot for the price of stock
3. Specify the null and alternative hypotheses
Use the memo for Assignment 3 as a guide.
Similar to Assignment 1 and 2, use the sample memo created for Assignment 3 to report your
findings. Address each of the following questions:
1. What isthe decision-making ormanagement issue being addressed?
2. What isthe null hypothesis being tested?
3. What data are used to answer the decision-making ormanagement issues?
4. What isthe analytical method used to analyze the data?
5. What are the findings of the data analyses?
6. What are the decision-making Imanagement implications ofthe findings?
You are responsible for obtaining the Pearson correlation coefficients