A Small Independent Organic Food Store Offers a Variety of Specialty

question 19

Multiple Choice

A small independent organic food store offers a variety of specialty coffees.To determine Whether price has an impact on sales, the managers kept track of how many pounds of each Variety of coffee were sold last month.
$$\begin{array} { | l | l | l | } \hline & \text { PRICE PER POUND } & \text { POUNDS SOLD } \\\hline & \$ 3.99 & 75 \\\hline & \$ 5.99 & 60 \\\hline & \$ 7.00 & 65 \\\hline & \$ 12.00 & 45 \\\hline & \$ 4.50 & 80 \\\hline & \$ 7.50 & 70 \\\hline & \$ 15.00 & 25 \\\hline & \$ 10.00 & 35 \\\hline & \$ 12.50 & 40 \\\hline & \$ 8.99 & 50\\\hline & \\\hline \text { Mean } &\$8.75&54.50 \\\hline \begin{array} { l } \text { Standard } \\\text { Deviation }\end{array} & \$ 3.63 & 18.33 \\\hline \text { Correlation } & - \mathbf { 0 . 9 2 7 } \\\hline\end{array}$$
Based on the data and summary statistics shown below, the slope of the estimated regression
Line that relates the response variable (monthly sales) to the predictor variable (price per
Pound) is

• A)95.459.
• B).858.
• C)-4.681.
• D)-.858.
• E)-8.999.

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Definitions:

Total Asset Turnover

A financial ratio that measures a company's ability to generate sales from its assets by comparing net sales with average total assets.

Inventory Turnover

A measure showing the frequency at which a company's stock is sold and replenished within a given timeframe.

Dividend Yield

A ratio indicating the annual dividends a company distributes in relation to its share price.

Gross Margin Ratio

A financial metric that measures the percentage of sales revenue that exceeds the cost of goods sold, indicating the efficiency of sales and production.