The table shows the total bill for several parties at a restaurant and the amount the party left as a tip. Find the correlation coefficient to the nearest hundredth and describe the association of the data. 
BILL ($) 
78 
34.50 
121.75 
54 
69.70 
100.08 
12.90 
TIP ($) 
5 
2 
12.10 
6 
6.90 
12 
1