A Small Independent Organic Food Store Offers a Variety of Specialty

question 6

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. $$\begin{array} { | l | l | l | } \hline & \text { PRICE PER POUND } & \text { POUNDS SOLD } \\\hline \text { Mean } & \$ 8.75 & 54.50 \\\hline \begin{array} { c } \text { Standard } \\\text { Deviation }\end{array} & \$ 3.63 & 18.33 \\\hline \text { Correlation } & - \mathbf { 0 . 9 2 7 } & \\\hline\end{array}$$ Based on the summary statistics shown below, what percent of the variability in the number
Of pounds of coffee sold per week can be explained by price?

• A)95.47%
• B)100%
• C)85.9%
• D)55.6%
• E)4.68%

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Definitions:

Task Significance

The degree to which a job has an impact on the lives or work of other people, both within and outside the organization.

Job Characteristics Model

A theory that proposes that a job is satisfying to the extent that it involves skill variety, task identity, task significance, autonomy, and feedback.

Lives Of People

The various experiences, relationships, and events that constitute the existence of individuals in society.

Employee

An individual who works part-time or full-time under a contract of employment, whether oral or written, express or implied, and has recognized rights and duties.