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A small independent organic food store offers a variety of specialty coffees. The company was interested in determining if the price per pound (X) of coffee influenced the number of pounds sold in a month (Y), i.e. monthly sales. Suppose the correlation between two variables is -0.927. What percentage of the variability in monthly sales cannot be explained by price? 86% O 93% O 14% O 7%

A small independent organic food store offers a variety of specialty coffees. The company was interested in determining if the price per pound (X) of coffee influenced the number of pounds sold in a month (Y), i.e. monthly sales. Suppose the correlation between two variables is -0.927. What percentage of the variability in monthly sales cannot be explained by price? 86% O 93% O 14% O 7%

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A small independent organic food store offers a variety of specialty coffees. The company was interested in determining if the price per pound (X) of coffee influenced the number of pounds sold in a month (Y), i.e. monthly sales. Suppose the correlation between two variables is -0.927. What percentage of the variability in monthly sales cannot be explained by price? 86% O 93% O 14% O 7%
Transcribed Image Text:A small independent organic food store offers a variety of specialty coffees. The company was interested in determining if the price per pound (X) of coffee influenced the number of pounds sold in a month (Y), i.e. monthly sales. Suppose the correlation between two variables is -0.927. What percentage of the variability in monthly sales cannot be explained by price? 86% O 93% O 14% O 7%
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