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One of the Primary Feeds for Beef Cattle Is CornCompute the Correlation Coefficient Between the Corn Price and the the Following

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Question 20
Multiple Choice
arrowQuestion 20arrow
Multiple Choice

One of the primary feeds for beef cattle is corn. The following table presents the average price in dollars for a bushel of corn and a pound of ribeye steak for 10 consecutive months
 Corn Price ($/bu) Ribeye Price ($/ b) 6.4013.206.0813.216.1113.306.3713.555.9112.576.2213.376.4913.546.2013.376.0012.886.0412.71\begin{array} { c c } \hline \text { Corn Price } ( \$ / b u ) & \text { Ribeye Price } ( \$ / \text { b) } \\\hline 6.40 & 13.20 \\6.08 & 13.21 \\6.11 & 13.30 \\6.37 & 13.55 \\5.91 & 12.57 \\6.22 & 13.37 \\6.49 & 13.54 \\6.20 & 13.37 \\6.00 & 12.88 \\6.04 & 12.71 \\\hline\end{array}
Compute the correlation coefficient between the corn price and the ribeye price.


A)0.815
B)0.965
C)0.664
D)0.185

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