One of the Primary Feeds for Beef Cattle Is Corn

question 15

Multiple Choice

One of the primary feeds for beef cattle is corn. The following table presents the average price in dollars for a bushel of corn and a pound of ribeye steak for 10 consecutive months
$$\begin{array} { c c } \hline \text { Corn Price } ( \$ / b u ) & \text { Ribeye Price } ( \$ / \text { b) } \\\hline 6.40 & 13.20 \\6.08 & 13.21 \\6.11 & 13.30 \\6.37 & 13.55 \\5.91 & 12.57 \\6.22 & 13.37 \\6.49 & 13.54 \\6.20 & 13.37 \\6.00 & 12.88 \\6.04 & 12.71 \\\hline\end{array}$$
Compute the correlation coefficient between the corn price and the ribeye price.

• A)0.815
• B)0.965
• C)0.664
• D)0.185

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