One of the Primary Feeds for Beef Cattle Is Corn

question 13

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.
$\begin{array} { c c } \hline \text { Corn Price } ( \$ / \text { bu } ) & \text { Ribeye Price } ( \$ / \text { lb) } \\\hline 5.82 & 13.01 \\5.70 & 12.24 \\5.80 & 13.01 \\5.84 & 12.94 \\6.56 & 13.89 \\6.21 & 13.04 \\6.39 & 13.01 \\6.61 & 13.76 \\6.06 & 12.53 \\5.84 & 12.95 \\\hline\end{array}$
The correlation coefficient between the corn price and the ribeye price is 0.773. Which of the following is the best interpretation of the correlation coefficient?

• A)The price of ribeye tends to go down and the price of corn goes up.
• B)Increasing corn prices cause ribeye prices to increase.
• C)The changes in corn price and ribeye price tend to go up and down together.
• D)There is no correlation between the price of corn and the price of ribeye.

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Definitions:

Recommended Dietary Allowances

Guidelines provided for nutrient intake levels sufficient to meet the needs of most healthy individuals in a particular age and gender group.

Adequate Intakes

Nutritional recommendations estimating the amounts of nutrients needed when insufficient evidence exists for a precise Recommended Dietary Allowance (RDA).

Plant-Based Protein

Proteins derived from plants, such as legumes, grains, nuts, seeds, and vegetables, often recommended for those following vegetarian or vegan diets.

Vegan

A person who follows a diet and lifestyle that excludes all animal products, including meat, dairy, and eggs.