Consider the following scatterplot that shows one year's total sales (revenue) and profits for eight large retailers in a country. Estimate the correlation coefficient and determine whether there appears to be a correlation between sales and profits. There is a correlation between sales and profits, and the correlation coefficient is approximately weak positive perfect negative strong positive strong negative perfect positive weak negative Profits (billions of dollars) 12- 0+ 175 Sales (billions of dollars) 350 M

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