One of the Primary Feeds for Beef Cattle Is Corn

question 11

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. $\begin{array} { c c } \hline \text { Corn Price } ( \$ / \text { bu } ) & \text { Ribeye Price } ( \$ / 1 b ) \\\hline 6.25 & 13.75 \\6.20 & 12.86 \\5.85 & 12.61 \\5.74 & 12.66 \\6.44 & 13.94 \\5.81 & 12.75 \\5.97 & 12.66 \\6.59 & 14.25 \\5.72 & 12.87 \\6.56 & 14.11 \\\hline\end{array}$
The correlation coefficient between the corn price and the ribeye price is 0.918. 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) The changes in corn price and ribeye price tend to go up and down together.
• C) There is no correlation between the price of corn and the price of ribeye.
• D) Increasing corn prices cause ribeye prices to increase.

---

Definitions:

Work Design

The conceptualization and planning of work tasks and environments to optimize worker productivity, satisfaction, and health by considering ergonomics, job roles, and processes.

Organizational Structure

The hierarchical arrangement of tasks, people, and systems in an organization that defines how activities are directed towards achieving the organization's goals.

Task Design

The process of specifying the work activities and processes for a particular job to optimize productivity and quality.

Performance

A measure of how effectively a task or job is executed.