Consider the Following to Answer the Question(s) Below

question 23

Multiple Choice

Consider the following to answer the question(s) below:
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 kilograms of each variety of coffee were sold last month. The data, scatterplot and summary statistics are shown below.

-The slope of the estimated regression line that relates the response variable (Kilograms Sold) to the predictor variable (Price per Kilogram) is

• A) 95.47
• B) 0.858
• C) -4.684
• D) -0.858
• E) -8.999

---

Definitions:

Hedger

An individual or entity that enters into contracts such as futures or options to offset the risk of price movements in the commodities or securities markets.

Prices Change

The fluctuation in the market price of goods, services, or securities over time due to various economic factors.

Put Option

A put option is a financial contract giving the holder the right, but not the obligation, to sell a specific amount of an asset at a predetermined price within a specific time frame.

Obligation

A duty or commitment to do something or to pay a debt, often legally binding.