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A Small Independent Organic Food Store Offers a Variety of Specialty

Question 17

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.
 Mean $8.7554.50 Standard  Deviation $3.6318.33 Correlation 0.927\begin{array} { | l | l | l | } \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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