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shsublackboard ba course ope Bing Google Yahoo What Is The B.y Beginners? Jobs -Job posting f You Don't 8. Story iVerly Smart Financi.. Apply onine Twitter Capricorn an. Answersc Take Test: BANA 3363 Onin A local organic food store sells a variety of specialty coffees. Management wants to predict the monthly demand for coffee In pounds) using the price per pound (in dollars). Based on last month's sales, the following scatterplot was created Scatterplot of Pounds Soldvs Price/Pound B0 Based only on the scatterplot above, which of the following represents the best estimate of the correlation between demand and price for speciaity coffee? Hint: No calculation is required. Use what you know about correlation to answer the question. -0.25 0,902 0.351 Click Save and Submit to sase and mbmit: Chiok Save a Ansuers to save all ansuers Save All Answers Clase Window MacBook Pro

Explanation / Answer

From this graph, we can tell that the best estimate of the correlation value will be -0.25.

This is due to the fact that the points are almost linearly placed but with a negative slope.

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