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. $$\begin{array} { | l | l | l | } \hline \text { Mean } & \$ 8.75 & 54.50 \\\hline \text { Standard Deviation } & \$ 3.63 & 18.33 \\\hline \text { Correlation } & \mathbf { - 0 . 9 2 7 } & \\\hline\end{array}$$ 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:

Personality-Behavior Interaction

The dynamic interplay between an individual's personality traits and their behavior in various situations.

Personality

An individual's specific mix of emotions, viewpoints, and behaviors.

Preferences

Individual likes, choices, or inclinations toward certain options over others, often influencing decision-making processes.

Brands

Trademarks or distinctive names identifying a product or a company, often associated with a specific perception or image in the consumer's mind.